Elloree, South Carolina Property Taxes
The median property tax rate in Elloree, SC is 1.08%, which is notably higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Elloree at $33,360, the typical annual property tax bill amounts to $488, still below the national median of $2,690. Property taxes in Elloree are determined based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Gaining a thorough understanding of Elloree's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Elloree or another part of Orangeburg County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elloree, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$360
$334
Ownwell’s Elloree Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elloree with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elloree to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Elloree, South Carolina
Property taxes in Elloree, South Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elloree is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within Elloree set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elloree estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Elloree's effective property tax rate to other areas in Orangeburg County and the national median. For comparison, the 29047 zip code has the highest median property tax rate of 1.08%, while the same 29047 zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Elloree provides valuable insights into the varying tax landscape across Orangeburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elloree Tax Rate
1.08%
Average Orangeburg County Tax Rate
0.81%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elloree, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29047 | 0.39% | 0.74% | 1.08% | 2.46% | 2.92% |
Source: Ownwell
Property Tax Assessment Values Across Elloree, South Carolina
In Elloree, South Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Orangeburg County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Elloree, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For example, the zip code with the highest median tax bill is 29047, amounting to $488, while the lowest is also in 29047, with the same value. Being aware of these valuation processes in Elloree helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Elloree Assessed Value
$33,360
Average Orangeburg County Assessed Value
$41,835
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elloree, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29047 | $3,879 | $9,492 | $33,360 | $86,510 | $144,811 |
Source: Ownwell
Property Tax Bills Across Elloree, South Carolina
In Elloree, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, determined by the county assessor. Homeowners in Elloree, part of Orangeburg County, experience varying tax bills based on their property's assessed value and the applicable tax rate. For instance, the median home price in Elloree is $33,360. Property tax bills in the 25th percentile are around $193, while those in the 75th percentile reach up to $1,027. The highest median tax bill recorded is $488 in the zip code 29047, which is also the lowest median tax bill in the area, indicating a uniformity in median tax assessments. These property taxes fund essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Elloree's property tax rates can be considered relatively moderate, providing a balanced approach to funding public services while impacting homeowners' finances.
Average Elloree Tax Bill
$488
Average Orangeburg County Tax Bill
$620
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Elloree, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29047 | $94 | $193 | $488 | $1,027 | $1,787 |
Source: Ownwell