Manning, South Carolina Property Taxes
The median property tax rate in Manning, SC is 0.65%, which is notably lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Manning, the typical annual property tax bill is $119, significantly below the national median of $2,690. Property taxes in Manning are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Manning's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Manning 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
Manning, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$150
Ownwell’s Manning Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manning with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manning 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 Manning, South Carolina
Property taxes in Manning, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Manning is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Manning set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manning 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 Manning's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29102 has both the highest and the lowest median property tax rate of 0.65%. Understanding how these cities compare with Manning 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 Manning Tax Rate
0.65%
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 Manning, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29102 | 0.33% | 0.45% | 0.65% | 1.48% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Manning, South Carolina
In Manning, 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 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 Manning, 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. The median home price in Manning is $23,040, with the 25th percentile tax bill at $72 and the 75th percentile tax bill at $807. Notably, the zip code 29102 has both the highest and lowest median tax bill of $119. Being aware of these valuation processes in Manning helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Manning Assessed Value
$23,040
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 Manning, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29102 | $5,401 | $8,064 | $23,040 | $140,173 | $184,045 |
Source: Ownwell
Property Tax Bills Across Manning, South Carolina
In Manning, located in Sumter County, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Manning can expect their tax bills to vary significantly depending on their property's value. For example, tax bills range from the 25th percentile at $72 to the 90th percentile at $1,144, with the highest median tax bill recorded at $119 in the 29102 zip code. Factors influencing property tax bills include the home's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Manning's property tax rates are relatively modest, making it an attractive option for homeowners looking for affordability. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average Manning Tax Bill
$119
Average Sumter County Tax Bill
$351
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Manning, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29102 | $46 | $72 | $119 | $807 | $1,144 |
Source: Ownwell