Elliott, Lee County, South Carolina Property Taxes
Median Elliott, SC effective property tax rate: 2.14%, significantly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Elliott, SC home value: $6,840
Median annual Elliott, SC tax bill: $92, $2,308 lower than the national median property tax bill of $2,400.
How are property taxes in Lee County calculated?
Property taxes in Elliott, 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 Elliott’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elliott, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elliott, Lee County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$82
$77
Property Tax Rates Across Elliott, Lee County, South Carolina
Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide essential services and divides that by the total assessed value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is essentially the annual process.
In Elliott, located in Lee County, South Carolina, the effective property tax rate is notably higher than the national median. South Carolina's median property tax rate is significantly lower than Elliott's, which stands out even within the state. By comparing Elliott’s property tax rate to other cities in South Carolina and the national average, homeowners can better understand their property tax obligations. This comparison highlights the importance of being aware of local tax rates and their potential impact on property ownership costs. Understanding these differences can empower property owners to make informed decisions about property tax appeals and exemptions.
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 Elliott Tax Rate
0.75%
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 Lee County Tax Rate
0.77%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elliott, Lee County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29046 | 0.25% | 0.34% | 0.75% | 0.76% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Elliott, Lee County, South Carolina
When examining property taxes in Elliott, 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 Lee County Tax Assessor 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 Lee 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 Elliott.
For example, the median home price in Elliott is $6,840, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Elliott, Lee County, South Carolina
Source: Ownwell
$10,995
$22,070
$33,145
Median Elliott Market Value
$10,995
Median Lee County Market Value
$24,720
Median South Carolina Market Value
$188,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elliott, Lee County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29046 | $5,564 | $6,755 | $10,995 | $57,318 | $86,395 |
Source: Ownwell
Property Tax Bills Across Elliott, Lee County, South Carolina
Median Elliott Tax Bill
$181
Median Lee County Tax Bill
$219
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Elliott, Lee County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29046 | $66 | $113 | $181 | $369 | $626 |
Source: Ownwell