Islandton, Colleton County, South Carolina Property Taxes

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

Median Islandton, SC effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, and higher than the South Carolina state median of 0.66%.
Median Islandton, SC home value: $54,950
Median annual Islandton, SC tax bill: $424, $1,976 lower than the national median property tax bill of $2,400.

How are property taxes in Colleton calculated?

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

Last Updated March 1, 2025

Islandton, Colleton County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$528

$490

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

Property Tax Rates Across Islandton, Colleton County, South Carolina

Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides that by the total assessed value of all taxable property within its boundaries. This calculation establishes the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the yearly process.

In Islandton, located in Colleton County, the effective property tax rate offers a unique perspective when compared to other cities in South Carolina and the national averages. The median property tax rate in South Carolina, including Islandton, is 0.96%, which is slightly below the national median property tax rate of 1.02%. This means homeowners in Islandton generally pay a lower property tax rate compared to the national average. Additionally, Colleton County's tax rate is lower than some other counties within the state. This can be an attractive aspect for potential homeowners or investors looking for a region with relatively lower property tax obligations. Understanding these rates can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Islandton, Colleton County, South Carolina

Source: Ownwell

0.74%

1.27%

1.80%

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 Islandton Tax Rate

0.96%

Median Effective Colleton County Tax Rate

1.07%

Median Effective South Carolina Tax Rate

0.66%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Islandton, Colleton County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29929	0.21%	0.45%	0.96%	2.06%	2.54%

Source: Ownwell

Property Tax Assessment Values Across Islandton, Colleton County, South Carolina

When examining property taxes in Islandton, 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 Colleton 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 Colleton 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 Islandton. For example, the median home price in Islandton is $54,950, with tax bills ranging significantly across the county. Zip code 29929 has the highest median home price at $54,950.

Property Tax Assessment Values Across Islandton, Colleton County, South Carolina

Source: Ownwell

$35,050

$235,000

$434,950

Median Islandton Market Value

$54,950

Median Colleton County Market Value

$64,000

Median South Carolina Market Value

$188,850

Median United States Market Value

$235,294

Property Tax Assessment Values Across Islandton, Colleton County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29929	$8,500	$21,500	$54,950	$117,025	$221,950

Source: Ownwell

Property Tax Bills Across Islandton, Colleton County, South Carolina

In Islandton, located in Colleton County, SC, property taxes are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Islandton, the median property tax bill is $424, which is significantly lower than the national median property tax bill of $2,400. This lower tax bill can be attributed to the area's lower median home price of $54,950. However, property tax bills can vary widely, with the 25th percentile at $184 and the 90th percentile reaching $1,771. This variability is influenced by factors such as property improvements, neighborhood developments, and local tax rate changes. Homeowners looking to reduce their property tax bills can benefit from Ownwell's expertise. By analyzing property assessments and identifying potential inaccuracies, Ownwell helps homeowners file successful appeals and secure exemptions, ultimately leading to significant savings on their property tax bills.

Property Tax Bills Across Islandton, Colleton County, South Carolina

Source: Ownwell

$331

$3,206

$6,081

Median Islandton Tax Bill

$424

Median Colleton County Tax Bill

$635

Median South Carolina Tax Bill

$1,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Islandton, Colleton County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29929	$85	$184	$424	$933	$1,771

Source: Ownwell