Pinewood, Sumter County, South Carolina Property Taxes

Name: Property Tax Bills Across Pinewood, Sumter County, South Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Pinewood, SC effective property tax rate: 1.57%, significantly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Pinewood, SC home value: $14,000
Median annual Pinewood, SC tax bill: $179, $2,221 lower than the national median property tax bill of $2,400.

How are property taxes in Sumter calculated?

Property taxes in Pinewood, 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 Pinewood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pinewood, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Pinewood, Sumter County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.57%

Estimate Property Tax Bill

$220

$204

Ownwell’s Pinewood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pinewood with just two data points. By entering your property's estimated assessed value, our calculator applies Pinewood’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Sumter. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Pinewood, Sumter County, South Carolina

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results 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. Below, you can compare Pinewood’s effective property tax rate to other cities in South Carolina and the median property tax rates in South Carolina and the U.S. Pinewood, located in 45085, has a median property tax rate of 1.57%, which is significantly higher than the national median of 1.02%. This means homeowners in Pinewood pay more in property taxes compared to the average U.S. homeowner. Understanding these rates is crucial for property owners, as it directly impacts their annual tax bills. While the national median property tax bill is $2400, Pinewood's higher rate suggests that residents may face higher tax bills, emphasizing the importance of property tax appeals and exemptions to potentially lower these costs.

Property Tax Rates Across Pinewood, Sumter County, South Carolina

Source: Ownwell

0.65%

1.36%

2.07%

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 Pinewood Tax Rate

1.57%

Median Effective Sumter County Tax Rate

1.06%

Median Effective South Carolina Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Pinewood, Sumter County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29125	0.29%	0.63%	1.57%	2.07%	2.20%

Source: Ownwell

Property Tax Assessment Values Across Pinewood, Sumter County, South Carolina

When examining property taxes in Pinewood, South Carolina, 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 Sumter 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 Sumter County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Pinewood. For example, the median home price in Pinewood is $14,000, with tax bills ranging significantly across the county. Zip code 29125 has the highest median home price at $14,000.

Property Tax Assessment Values Across Pinewood, Sumter County, South Carolina

Source: Ownwell

$10,000

$55,350

$100,700

Median Pinewood Market Value

$14,000

Median Sumter County Market Value

$37,792

Median South Carolina Market Value

$140,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Pinewood, Sumter County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29125	$3,616	$6,972	$14,000	$54,878	$132,135

Source: Ownwell

Property Tax Bills Across Pinewood, Sumter County, South Carolina

In Pinewood, 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. With a median home price of $14,000, homeowners in this area can expect property tax bills that vary significantly. For instance, the 25th percentile tax bill is $85, while the 75th percentile is $494, and the 90th percentile reaches $991. These figures highlight the impact of differing property values and tax rates on homeowners' finances. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Pinewood's property tax bills are considerably lower. However, homeowners still have the opportunity to reduce their expenses further. By working with Ownwell, homeowners can explore potential savings through property tax appeals and exemptions. Ownwell's expertise can help ensure that homeowners are not overpaying on their property taxes, providing peace of mind and potential financial relief.

Property Tax Bills Across Pinewood, Sumter County, South Carolina

Source: Ownwell

$119

$365

$610

Median Pinewood Tax Bill

$179

Median Sumter County Tax Bill

$351

Median South Carolina Tax Bill

$1,086

Median United States Tax Bill

$2,400

Property Tax Bills Across Pinewood, Sumter County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29125	$44	$85	$179	$494	$991

Source: Ownwell