Santee, South Carolina Property Taxes
The median property tax rate in Santee, SC is 0.84%, 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 $44,560 in Santee, the typical annual property tax bill amounts to $879, significantly below the national median of $2,690. Property taxes in Santee are based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Santee's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Santee or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Santee, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$374
$347
Ownwell’s Santee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Santee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Santee 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 Santee, South Carolina
Property taxes in Santee, South Carolina, are crucial in supporting essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Santee is 0.84%, which is below both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Santee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Santee 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 Santee's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29142 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with Santee 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 Santee Tax Rate
0.84%
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 Santee, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29142 | 0.48% | 0.74% | 0.84% | 2.45% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Santee, South Carolina
In Santee, 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’s Office 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. 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. Santee homeowners should note that the highest median tax bill is $879 in zip code 29142. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Santee Assessed Value
$44,560
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 Santee, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29142 | $4,939 | $11,878 | $44,560 | $138,098 | $241,084 |
Source: Ownwell
Property Tax Bills Across Santee, South Carolina
Property tax bills in Santee, located in Orangeburg County, SC, are calculated based on the assessed value of a property, which is typically a percentage of the market value. The median home price in Santee is $44,560. Local tax authorities then apply the relevant tax rate to this assessed value to determine the tax bill. Several factors influence the final tax bill, including property location, improvements made, and any applicable exemptions. For homeowners in Santee, the tax bill can vary significantly. For instance, the tax bill at the 25th percentile is $300, while at the 75th percentile, it rises to $1,792. Those at the 90th percentile face a tax bill of $3,246. This variation highlights how property characteristics and local tax policies impact the amount owed. Compared to the national median property tax rate of 0.99%, homeowners in Santee experience a wide range of tax bills, affecting their overall financial planning and housing costs.
Average Santee Tax Bill
$879
Average Orangeburg County Tax Bill
$620
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Santee, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29142 | $143 | $300 | $879 | $1,792 | $3,246 |
Source: Ownwell