Hemingway, Georgetown County, South Carolina Property Taxes
Median Hemingway, SC effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but higher than the South Carolina state median of 0.72%.
Median Hemingway, SC home value: $20,850
Median annual Hemingway, SC tax bill: $192, $2,208 lower than the national median property tax bill of $2,400.
How are property taxes in Georgetown calculated?
Property taxes in Hemingway, 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 Hemingway’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hemingway, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hemingway, Georgetown County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.81%
Estimate Property Tax Bill
$341
$316
Property Tax Rates Across Hemingway, Georgetown County, South Carolina
Local government entities determine tax rates, which can vary significantly within a state. The reason is that each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Hemingway, located in Georgetown County, South Carolina, the effective property tax rate is 0.99%. This rate is slightly below the national median property tax rate of 1.02%, offering residents a relatively lower tax burden compared to other regions across the country. South Carolina as a whole maintains a median property tax rate that is competitive with the national average, making it an attractive state for property owners.
Comparing Hemingway’s effective property tax rate to other cities within South Carolina and the broader national landscape highlights the favorable tax environment that residents of this city enjoy. Understanding these rates can help potential property buyers make informed decisions and current homeowners manage their financial planning more effectively.
Property Tax Rates Across Hemingway, Georgetown County, South Carolina
Source: Ownwell
0.53%
0.85%
1.17%
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 Hemingway Tax Rate
0.81%
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 Georgetown County Tax Rate
0.75%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hemingway, Georgetown County, South Carolina
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
29554 | 0.37% | 0.61% | 0.81% | 1.76% | 2.33% |
Source: Ownwell
Property Tax Assessment Values Across Hemingway, Georgetown County, South Carolina
When examining property taxes in Hemingway, 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 Georgetown County Assessor's Office 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.
Assessment notices: Georgetown County sends assessment notices 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 Hemingway.
For example, the median home price in Hemingway is $20,850, with tax bills ranging significantly across the county. Zip code 29554 has the highest median home price at $20,850.
Property Tax Assessment Values Across Hemingway, Georgetown County, South Carolina
Source: Ownwell
$41,200
$176,450
$311,700
Median Hemingway Market Value
$42,100
Median Georgetown County Market Value
$160,000
Median South Carolina Market Value
$188,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hemingway, Georgetown County, South Carolina
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
29554 | $5,200 | $10,200 | $42,100 | $87,300 | $140,440 |
Source: Ownwell
Property Tax Bills Across Hemingway, Georgetown County, South Carolina
Property Tax Bills Across Hemingway, Georgetown County, South Carolina
Source: Ownwell
$310
$1,195
$2,080
Median Hemingway Tax Bill
$310
Median Georgetown County Tax Bill
$1,275
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Hemingway, Georgetown County, South Carolina
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
29554 | $87 | $148 | $310 | $681 | $1,190 |
Source: Ownwell