Lake Wylie, York County, South Carolina Property Taxes

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

Median Lake Wylie, SC effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the SC state median of 0.72%.
Median Lake Wylie, SC home value: $75,000
Median annual Lake Wylie, SC tax bill: $300, $2,100 lower than the national median property tax bill of $2,400.

How are property taxes in York calculated?

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

Last Updated March 1, 2025

Lake Wylie, York County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.4%

Estimate Property Tax Bill

$300

$278

Ownwell’s Lake Wylie Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Wylie with just two data points. By entering your property's estimated assessed value, our calculator applies Lake Wylie’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 York County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake Wylie, York County, South Carolina

Local government entities are responsible for setting property tax rates, which can differ significantly across a state. The reason behind this is that each county, such as York County in South Carolina, annually determines its budgetary needs to fund essential services. This budget is then divided by the total assessed value of all taxable properties within the county, resulting in the property tax rate. While the process involves votes and legal regulations, this is the fundamental method used each year to establish rates.

In Lake Wylie, located in York County, the effective property tax rate is an essential factor for property owners to consider. Compared to other cities in South Carolina, Lake Wylie's rate is notably lower. When contrasted with the national median property tax rate of 1.02%, South Carolina's median rate of 0.40% highlights the state's relatively low property tax burden. This makes Lake Wylie an attractive option for property owners looking for a more favorable tax environment. Understanding these rates helps property owners make informed decisions about their investments and potential savings.

Property Tax Rates Across Lake Wylie, York County, South Carolina

Source: Ownwell

0.50%

0.67%

0.85%

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 Lake Wylie Tax Rate

0.40%

Median Effective York County Tax Rate

0.68%

Median Effective South Carolina Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Wylie, York County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29710	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lake Wylie, York County, South Carolina

When examining property taxes in Lake Wylie, 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 York County appraisal district 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 York 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 Lake Wylie. For example, the median home price in Lake Wylie is $75,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Lake Wylie, York County, South Carolina

Source: Ownwell

$86,700

$219,036

$351,372

Median Lake Wylie Market Value

$75,000

Median York County Market Value

$210,005

Median South Carolina Market Value

$140,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Wylie, York County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29710	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lake Wylie, York County, South Carolina

In Lake Wylie, located in York County, South Carolina, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area experience relatively low property tax bills, with figures consistently around $300, which is significantly below the national median property tax bill of $2,400. This is largely due to South Carolina's favorable property tax rates, which are among the lowest in the nation. However, even with these low rates, homeowners can still benefit from ensuring their property is assessed accurately. Factors such as property improvements or changes in market conditions can influence the assessed value, impacting the final tax bill. Ownwell specializes in helping homeowners appeal their property tax assessments, ensuring they are not overpaying. By reviewing assessments and identifying potential discrepancies, Ownwell can help homeowners in Lake Wylie potentially save on their property tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Lake Wylie, York County, South Carolina

Source: Ownwell

$488

$1,616

$2,743

Median Lake Wylie Tax Bill

$300

Median York County Tax Bill

$1,529

Median South Carolina Tax Bill

$1,086

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Wylie, York County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29710	N/A	N/A	N/A	N/A	N/A

Source: Ownwell