Eutawville, South Carolina Property Taxes
The median property tax rate in Eutawville, SC is 0.76%, which is lower than the national median of 0.99% but slightly higher than the South Carolina state median of 0.72%. With the median home value in Eutawville at $42,380, the typical annual property tax bill amounts to $688, significantly below the national median of $2,690. Property taxes in Eutawville are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Eutawville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Eutawville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eutawville, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$322
$299
Ownwell’s Eutawville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eutawville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eutawville 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 Eutawville, South Carolina
Property taxes in Eutawville, 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 Eutawville stands at 0.76%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Eutawville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eutawville 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 Eutawville's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29048 has both the highest and lowest median property tax rate of 0.76%. Understanding how these cities compare with Eutawville 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 Eutawville Tax Rate
0.76%
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 Eutawville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29048 | 0.39% | 0.68% | 0.76% | 2.45% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Eutawville, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Eutawville, South Carolina. 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 Eutawville, 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. Being aware of these valuation processes in Eutawville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $688, found in the zip code 29048.
Property Tax Assessment Values Across Eutawville, South Carolina
Source: Ownwell
$22,130
$128,775
$235,420
Average Eutawville Assessed Value
$42,380
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 Eutawville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29048 | $3,100 | $11,200 | $42,380 | $105,792 | $203,295 |
Source: Ownwell
Property Tax Bills Across Eutawville, South Carolina
In Eutawville, Orangeburg County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The property tax rate in this region is applied to the assessed value to determine the annual tax bill. Factors such as the home's location, size, and condition influence its market value, and consequently, its assessed value. Homeowners in Eutawville experience varying tax bills. For instance, the 25th percentile tax bill is around $303, while the 75th percentile tax bill reaches $1,521. At the 90th percentile, the tax bill can be as high as $2,964. The median home price in Eutawville is $42,380, which is significantly lower than the national median, making the property tax bills relatively manageable compared to other areas. Understanding how these factors interact helps homeowners anticipate their tax liabilities and budget accordingly. The highest median tax bill in the area is $688, reflecting the diverse range of property values and tax obligations within the community.
Average Eutawville Tax Bill
$688
Average Orangeburg County Tax Bill
$620
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Eutawville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29048 | $137 | $303 | $688 | $1,521 | $2,964 |
Source: Ownwell