Latta, Marlboro County, South Carolina Property Taxes
Median Latta, SC effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but higher than the South Carolina state median of 0.72%.
Median Latta, SC home value: $20,660
Median annual Latta, SC tax bill: $251, $2,149 lower than the national median property tax bill of $2,400.
How are property taxes in Marlboro County calculated?
Property taxes in Latta, SC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Latta’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Latta, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Latta, Marlboro County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$169
$157
Property Tax Rates Across Latta, Marlboro County, South Carolina
Local government entities determine tax rates, and these can differ significantly within a state. Each year, counties calculate their budgets to fund essential services and divide this by the total assessed value of all taxable properties in their jurisdiction. This calculation establishes the property tax rate. Although voting and legislation play roles in setting these rates and budgets, this is essentially the annual procedure.
In Latta, located in Marlboro County, South Carolina, the effective property tax rate is 0.82%, which is below the national median of 1.02%. This rate is consistent across the entire county, as both the highest and lowest median tax rates are the same at 0.82%. This uniformity in tax rates within Marlboro County is quite unusual when compared to other regions, where rates can vary significantly. Comparing Latta's property tax rate with the national average highlights its relatively low tax burden. Understanding these rates can help property owners make informed decisions and potentially save money through appeals or exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Latta Tax Rate
0.82%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Marlboro County Tax Rate
0.75%
Median Effective South Carolina Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Latta, Marlboro County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29565 | 0.36% | 0.51% | 0.82% | 2.71% | 11.04% |
Source: Ownwell
Property Tax Assessment Values Across Latta, Marlboro County, South Carolina
When examining property taxes in Latta, SC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Marlboro County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Marlboro County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Latta.
For example, the median home price in Latta is $20,660, with tax bills ranging significantly across the county. Zip code 29565 has the highest median home price at $20,660.
Property Tax Assessment Values Across Latta, Marlboro County, South Carolina
Source: Ownwell
$20,660
$36,422
$52,183
Median Latta Market Value
$20,660
Median Marlboro County Market Value
$33,059
Median South Carolina Market Value
$140,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Latta, Marlboro County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29565 | $2,156 | $9,193 | $20,660 | $71,413 | $170,290 |
Source: Ownwell
Property Tax Bills Across Latta, Marlboro County, South Carolina
Median Latta Tax Bill
$251
Median Marlboro County Tax Bill
$278
Median South Carolina Tax Bill
$1,086
Median United States Tax Bill
$2,400
Property Tax Bills Across Latta, Marlboro County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29565 | $170 | $179 | $251 | $569 | $957 |
Source: Ownwell