Effingham, Florence County, South Carolina Property Taxes
Median Effingham, SC effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Effingham, SC home value: $49,908
Median annual Effingham, SC tax bill: $444, $1,956 lower than the national median property tax bill of $2,400.
How are property taxes in Florence County calculated?
Property taxes in Effingham, 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 Effingham’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Effingham, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Effingham, Florence County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.35%
Estimate Property Tax Bill
$542
$503
Property Tax Rates Across Effingham, Florence County, South Carolina
Local government entities determine property tax rates, leading to significant variation within a state. Each year, counties calculate the necessary budget to fund essential services and divide this by the total value of taxable property in their jurisdiction, resulting in the property tax rate. While the process involves votes and regulations, this is the basic annual procedure.
Effingham in Florence County, South Carolina, exemplifies this variability. Effingham's effective property tax rate reflects the county's budget requirements and the total assessed property values. When comparing Effingham's rate to other cities within South Carolina and the national median, it becomes evident how local factors influence these rates. South Carolina's median property tax rate is notably lower than the national median of 1.02%, highlighting the state's relatively modest tax burden.
Effingham's property tax rate is a reflection of both the county's fiscal needs and the assessed property values. Understanding these local dynamics is crucial for property owners seeking to manage their tax obligations effectively.
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 Effingham Tax Rate
0.35%
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 Florence County Tax Rate
0.41%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Effingham, Florence County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29541 | 0.19% | 0.33% | 0.35% | 0.65% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Effingham, Florence County, South Carolina
When examining property taxes in Effingham, 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 Florence 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 Florence 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 Effingham. For example, the median home price in Effingham is $49,908, with tax bills ranging significantly across the county. Zip code 29541 has the highest median home price at $49,908.
Property Tax Assessment Values Across Effingham, Florence County, South Carolina
Source: Ownwell
$70,804
$131,139
$191,473
Median Effingham Market Value
$154,888
Median Florence County Market Value
$117,803
Median South Carolina Market Value
$188,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Effingham, Florence County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29541 | $22,268 | $86,594 | $154,888 | $232,348 | $318,793 |
Source: Ownwell
Property Tax Bills Across Effingham, Florence County, South Carolina
Median Effingham Tax Bill
$630
Median Florence County Tax Bill
$583
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Effingham, Florence County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29541 | $171 | $344 | $630 | $1,054 | $1,700 |
Source: Ownwell