Ravenel, Dorchester County, South Carolina Property Taxes

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

Median Ravenel, SC effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, and higher than the South Carolina state median of 0.66%.
Median Ravenel, SC home value: $420,138
Median annual Ravenel, SC tax bill: $2,843, $443 higher than the national median property tax bill of $2,400.

How are property taxes in Dorchester calculated?

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

Last Updated March 1, 2025

Ravenel, Dorchester County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.7%

Estimate Property Tax Bill

$2,941

$2,729

Ownwell’s Ravenel Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ravenel with just two data points.

By entering your property's estimated assessed value, our calculator applies Ravenel’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Dorchester 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 Dorchester County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ravenel, Dorchester County, South Carolina

Local government entities are responsible for setting property tax rates, which can vary significantly within each state. This variation is due to the annual process where each county estimates its required budget to provide essential services and divides that by the total value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the general process followed annually.

Ravenel in Dorchester County, South Carolina, has a property tax rate that stands out when compared to other cities in the state. The median tax rate in Ravenel is 0.70%, which is lower than the national median of 1.02%. This suggests that homeowners in Ravenel may enjoy relatively lower property tax bills compared to the national average, where the median bill is $2,400. Such a favorable tax rate can be an attractive factor for potential homeowners or investors considering properties in this area. Understanding these rates can help property owners make informed decisions and potentially save on their annual property tax bills.

Property Tax Rates Across Ravenel, Dorchester County, South Carolina

Source: Ownwell

0.51%

0.61%

0.72%

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 Ravenel Tax Rate

0.70%

Median Effective Dorchester County Tax Rate

0.67%

Median Effective South Carolina Tax Rate

0.66%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ravenel, Dorchester County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29470	0.20%	0.55%	0.70%	1.58%	2.15%

Source: Ownwell

Property Tax Assessment Values Across Ravenel, Dorchester County, South Carolina

When examining property taxes in Ravenel, 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 Dorchester 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 Dorchester 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 Ravenel. For example, the median home price in Ravenel is $420,138, with tax bills ranging significantly across the county. Zip code 29470 has the highest median home price at $420,138.

Property Tax Assessment Values Across Ravenel, Dorchester County, South Carolina

Source: Ownwell

$100,268

$420,150

$740,032

Median Ravenel Market Value

$420,138

Median Dorchester County Market Value

$335,504

Median South Carolina Market Value

$188,850

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ravenel, Dorchester County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29470	$126,976	$319,620	$420,138	$479,007	$640,166

Source: Ownwell

Property Tax Bills Across Ravenel, Dorchester County, South Carolina

In Ravenel, located in Dorchester 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 $420,138, the tax bill can vary significantly. Homeowners in the 25th percentile might pay around $2,041, while those in the 75th percentile could see bills as high as $3,779. For those in the top 10%, the tax bill can reach up to $8,772. Comparatively, the national median property tax bill is $2,400, highlighting how property taxes in Ravenel can vary widely. Several factors influence a homeowner's tax bill, including property size, location, and local tax rates. This variation can impact homeowners' financial planning and overall cost of living. Ownwell offers valuable assistance by identifying potential savings through property tax appeals and exemptions. By leveraging expert knowledge, Ownwell helps homeowners navigate the complexities of property taxation, potentially reducing their tax burden and ensuring they only pay their fair share.

Property Tax Bills Across Ravenel, Dorchester County, South Carolina

Source: Ownwell

$792

$2,966

$5,139

Median Ravenel Tax Bill

$2,843

Median Dorchester County Tax Bill

$2,309

Median South Carolina Tax Bill

$1,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Ravenel, Dorchester County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29470	$630	$2,041	$2,843	$3,779	$8,772

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Dorchester Tax Assessor
Website	www.dorchestercountysc.gov