Livingston, South Carolina Property Taxes
The median property tax rate in Livingston, SC is 0.85%, which is lower than the national median of 0.99% but higher than the South Carolina state median of 0.72%. With a median home value of $39,920 in Livingston, the typical annual property tax bill is around $369, significantly below the national median of $2,690. Property taxes in Livingston are determined based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Livingston's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Livingston or another part of the city, mastering the local property tax system is crucial for optimizing financial benefits.
Last Updated June 14, 2024
Livingston, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$339
$315
Ownwell’s Livingston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Livingston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Livingston 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 Livingston, South Carolina
Property taxes in Livingston, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Livingston is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Livingston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Livingston 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 Livingston's effective property tax rate to other areas in South Carolina and the national median. For comparison, the zip code 29107 has both the highest and lowest median property tax rate of 0.85%. Understanding how these areas compare with Livingston 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 Livingston Tax Rate
0.85%
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 Livingston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29107 | 0.28% | 0.75% | 0.85% | 2.47% | 2.58% |
Source: Ownwell
Property Tax Assessment Values Across Livingston, South Carolina
In Livingston, 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 Appraisal District 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 Livingston, 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 Livingston 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 $369, found in the 29107 zip code.
Property Tax Assessment Values Across Livingston, South Carolina
Source: Ownwell
$22,130
$128,775
$235,420
Average Livingston Assessed Value
$39,920
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 Livingston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29107 | $3,880 | $10,540 | $39,920 | $70,150 | $112,980 |
Source: Ownwell
Property Tax Bills Across Livingston, South Carolina
In Livingston, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Factors such as improvements to the property, changes in market conditions, and local government budgets can all influence the assessed value and tax rate. For homeowners in Livingston, the median home price is $39,920. Property tax bills vary significantly, with the 25th percentile at $151 and the 75th percentile at $744. The 90th percentile reaches up to $985, indicating a wide range of tax burdens depending on property values and specific circumstances. Compared to the national median property tax rate of 0.99%, homeowners in Livingston may find their tax bills relatively manageable, though individual experiences will vary based on the aforementioned factors.
Average Livingston Tax Bill
$369
Average Orangeburg County Tax Bill
$620
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Livingston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29107 | $89 | $151 | $369 | $744 | $985 |
Source: Ownwell