Dalzell, South Carolina Property Taxes
The median property tax rate in Dalzell, SC is 0.66%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Dalzell at $100,700, the typical annual property tax bill is $595, much less than the national median of $2,690. Property taxes in Dalzell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural use. Understanding Dalzell'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 Dalzell or another part of Sumter County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dalzell, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$665
Ownwell’s Dalzell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dalzell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dalzell 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 Dalzell, South Carolina
Property taxes in Dalzell, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dalzell is 0.66%, lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Dalzell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dalzell 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 Dalzell's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29040 zip code has the highest median property tax rate of 0.66%, while the 29040 zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Dalzell provides valuable insights into the varying tax landscape across Sumter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dalzell Tax Rate
0.66%
Average Sumter County Tax Rate
1.06%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dalzell, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29040 | 0.39% | 0.62% | 0.66% | 1.95% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Dalzell, South Carolina
In Dalzell, 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 Sumter 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 Dalzell, 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 Dalzell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dalzell is $100,700, with tax bills ranging from $162 at the 25th percentile to $1,746 at the 90th percentile. The highest and lowest median tax bills are both $595, occurring in the 29040 zip code.
Average Dalzell Assessed Value
$100,700
Average Sumter County Assessed Value
$37,792
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dalzell, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29040 | $6,161 | $13,338 | $100,700 | $141,690 | $184,423 |
Source: Ownwell
Property Tax Bills Across Dalzell, South Carolina
In Dalzell, located in Sumter County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Dalzell is $100,700. Tax rates are applied to this assessed value to determine the tax bill. Several factors influence the final amount, including local tax rates and any applicable exemptions. Homeowners in Dalzell can expect their property tax bills to vary significantly. For example, the tax bill at the 25th percentile is $162, while at the 75th percentile, it rises to $968. At the 90th percentile, homeowners may face a tax bill as high as $1,746. These variations highlight how property taxes can impact household budgets differently, depending on the home's assessed value and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, Dalzell's rates can provide some relief, but it's essential for homeowners to understand how these calculations affect their financial planning.
Average Dalzell Tax Bill
$595
Average Sumter County Tax Bill
$351
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Dalzell, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29040 | $72 | $162 | $595 | $968 | $1,746 |
Source: Ownwell