Yemassee, Colleton County, South Carolina Property Taxes

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

Median Yemassee, SC effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, and higher than the South Carolina state median of 0.66%.
Median Yemassee, SC home value: $35,600
Median annual Yemassee, SC tax bill: $331, $2,069 lower than the national median property tax bill of $2,400.

How are property taxes in Colleton calculated?

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

Last Updated March 1, 2025

Yemassee, Colleton County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.18%

Estimate Property Tax Bill

$420

$390

Ownwell’s Yemassee Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Yemassee with just two data points. By entering your property's estimated assessed value, our calculator applies Yemassee’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 Yemassee, Colleton County, South Carolina

Local government entities in South Carolina set property tax rates, which can vary significantly across the state. Each year, counties like Colleton estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the fundamental annual process.

Yemassee, located in Colleton County, offers an interesting case study for property tax rates within South Carolina. The effective property tax rate in Yemassee is reflective of the county's higher median tax rate compared to the national median of 1.02%. This can impact property tax bills, which are influenced by the assessed value of properties and the local tax rate. Comparing Yemassee’s rate to other cities in South Carolina and the median property tax rates in the state and the U.S. can provide valuable insights for property owners considering an appeal or exemption. Understanding these differences is crucial for homeowners looking to manage their property tax obligations effectively.

Property Tax Rates Across Yemassee, 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 Yemassee Tax Rate

1.18%

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 Yemassee, Colleton County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29945	0.23%	0.51%	1.18%	2.20%	2.69%

Source: Ownwell

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

When examining property taxes in Yemassee, 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 May. 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 Yemassee. For example, the median home price in Yemassee is $35,600, with tax bills ranging significantly across the county. Zip code 29945 has the highest median home price at $35,600.

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

Source: Ownwell

$35,050

$235,000

$434,950

Median Yemassee Market Value

$35,600

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 Yemassee, Colleton County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29945	$6,500	$14,500	$35,600	$66,475	$125,900

Source: Ownwell

Property Tax Bills Across Yemassee, Colleton County, South Carolina

In Yemassee, located in Colleton County, SC, property tax bills are determined based on the assessed value of a home, which is a percentage of the market value. The property tax rate is then applied to this assessed value to calculate the annual tax bill. Factors influencing the tax bill include the local tax rate and any applicable exemptions or deductions. Homeowners in Yemassee face varying tax bills, with the 25th percentile at $116 and the 75th percentile at $765. The 90th percentile reaches $1,528, indicating a wide range of tax liabilities. Compared to the national median property tax bill of $2,400, Yemassee's median tax bill is significantly lower. However, property taxes can still be a significant expense for homeowners. Ownwell offers valuable assistance by identifying potential areas for appealing assessments and securing exemptions, ultimately reducing tax burdens. By leveraging expertise in property tax law and local market conditions, Ownwell helps homeowners achieve substantial savings on their property tax bills.

Property Tax Bills Across Yemassee, Colleton County, South Carolina

Source: Ownwell

$331

$3,206

$6,081

Median Yemassee Tax Bill

$331

Median Colleton County Tax Bill

$635

Median South Carolina Tax Bill

$1,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Yemassee, Colleton County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29945	$85	$116	$331	$765	$1,528

Source: Ownwell