Irmo, Richland County, South Carolina Property Taxes
Median Irmo, SC effective property tax rate: 0.88%, significantly lower than the national median of 1.02%, but higher than the South Carolina state median of 0.72%.
Median Irmo, SC home value: $150,100
Median annual Irmo, SC tax bill: $1,514, $886 lower than the national median property tax bill of $2,400.
How are property taxes in Richland calculated?
Property taxes in Irmo, 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 Irmo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Irmo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Irmo, Richland County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.88%
Estimate Property Tax Bill
$1,321
$1,226
Property Tax Rates Across Irmo, Richland County, South Carolina
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Irmo, located in Richland County, South Carolina, the effective property tax rate stands at 0.88%. This rate is notably lower than the national median property tax rate of 1.02%, offering residents a more favorable tax environment compared to other regions. The median property tax rate in South Carolina also aligns with Irmo's, reflecting a consistent approach to property taxation within the state.
For homeowners in Irmo, this means a potentially lower tax bill compared to the national median property tax bill of $2,400, making it an attractive location for property investment. Understanding these rates can help residents make informed decisions about property ownership and investments in the area.
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 Irmo Tax Rate
0.88%
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 Richland County Tax Rate
1.01%
Median Effective South Carolina Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Irmo, Richland County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29063 | 0.60% | 0.75% | 0.88% | 1.12% | 2.95% |
Source: Ownwell
Property Tax Assessment Values Across Irmo, Richland County, South Carolina
When examining property taxes in Irmo, 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 Richland 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 Richland 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 Irmo. For example, the median home price in Irmo is $150,100, with tax bills ranging significantly across the county. Zip code 29063 has the highest median home price at $150,100.
Property Tax Assessment Values Across Irmo, Richland County, South Carolina
Source: Ownwell
$13,900
$136,250
$258,600
Median Irmo Market Value
$150,100
Median Richland County Market Value
$117,300
Median South Carolina Market Value
$140,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Irmo, Richland County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29063 | $80,000 | $109,800 | $150,100 | $229,000 | $336,500 |
Source: Ownwell
Property Tax Bills Across Irmo, Richland County, South Carolina
Median Irmo Tax Bill
$1,514
Median Richland County Tax Bill
$1,343
Median South Carolina Tax Bill
$1,086
Median United States Tax Bill
$2,400
Property Tax Bills Across Irmo, Richland County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29063 | $488 | $1,025 | $1,514 | $2,423 | $3,888 |
Source: Ownwell