Olanta, Florence County, South Carolina Property Taxes

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

Median Olanta, SC effective property tax rate: 0.31%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Olanta, SC home value: $48,900
Median annual Olanta, SC tax bill: $238, $2,162 lower than the national median property tax bill of $2,400.

How are property taxes in Florence County calculated?

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

Last Updated March 1, 2025

Olanta, Florence County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.28%

Estimate Property Tax Bill

$241

$223

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

Property Tax Rates Across Olanta, Florence County, South Carolina

Local government entities in South Carolina, like elsewhere, set property tax rates, leading to significant variations within the state. Each year, counties like Florence estimate their budgetary needs for public services and divide this by the total assessed value of taxable property to determine the property tax rate. Although votes and legislation play a role in shaping these rates and budgets, this is essentially the annual procedure.

In Olanta, located in Florence County, the effective property tax rate offers a unique perspective compared to other cities in South Carolina, as well as the national median. South Carolina's median property tax rate is considerably lower than the national median of 1.02%, making it an attractive state for property owners. This low tax rate can be a significant advantage for homeowners in Olanta, providing them with more financial flexibility compared to those in higher-taxed regions. While the property tax process involves various factors, understanding how Olanta's rates align with state and national medians can help property owners make informed decisions about their investments.

Property Tax Rates Across Olanta, Florence County, South Carolina

Source: Ownwell

0.28%

0.46%

0.63%

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 Olanta Tax Rate

0.28%

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 Olanta, Florence County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29114	0.11%	0.23%	0.28%	1.65%	2.00%

Source: Ownwell

Property Tax Assessment Values Across Olanta, Florence County, South Carolina

When examining property taxes in Olanta, 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 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 Olanta. For example, the median home price in Olanta is $48,900, with tax bills ranging significantly across the county. Zip code 29114 has the highest median home price at $48,900.

Property Tax Assessment Values Across Olanta, Florence County, South Carolina

Source: Ownwell

$70,804

$131,139

$191,473

Median Olanta Market Value

$85,901

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 Olanta, Florence County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29114	$26,409	$55,000	$85,901	$130,003	$196,105

Source: Ownwell

Property Tax Bills Across Olanta, Florence County, South Carolina

In Olanta, located in Florence County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the property tax bill. For homeowners in Olanta, the median home price is $48,900, and tax bills vary significantly, with the 25th percentile at $117 and the 75th percentile at $545. At the 90th percentile, tax bills can reach $1,176. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Olanta's rates and bills are relatively low. However, property taxes can still be a significant expense for homeowners. Ownwell assists homeowners in reducing their property tax bills by identifying potential discrepancies in the assessed value and filing appeals on their behalf. By leveraging expert knowledge and experience, Ownwell helps ensure that homeowners pay only their fair share, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Olanta, Florence County, South Carolina

Source: Ownwell

$326

$657

$988

Median Olanta Tax Bill

$326

Median Florence County Tax Bill

$583

Median South Carolina Tax Bill

$1,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Olanta, Florence County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29114	$74	$176	$326	$787	$1,484

Source: Ownwell