Latta, Marion County, South Carolina Property Taxes
Median Latta, SC effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but higher than the South Carolina state median of 0.72%.
Median Latta, SC home value: $9,500
Median annual Latta, SC tax bill: $127, $2,273 lower than the national median property tax bill of $2,400.
How are property taxes in Marion County calculated?
Property taxes in Latta, 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 Latta’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Latta, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Latta, Marion County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.25%
Estimate Property Tax Bill
$113
$104
Property Tax Rates Across Latta, Marion County, South Carolina
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Latta’s effective property tax rate to other cities in South Carolina and the median property tax rates in South Carolina and the U.S. South Carolina's median property tax rate is lower than the national median of 1.02%, reflecting a more favorable tax environment compared to many states. In Latta, situated in Marion County, property owners benefit from this trend, paying less than the national average. This lower tax burden can make Latta an attractive location for homeowners seeking affordability. Understanding these nuances in property tax rates can greatly impact financial planning and real estate investment decisions, making it crucial to stay informed about local tax trends.
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 Latta Tax Rate
1.25%
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 Marion County Tax Rate
1.82%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Latta, Marion County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29565 | 0.43% | 0.43% | 1.25% | 1.82% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Latta, Marion County, South Carolina
When examining property taxes in Latta, 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 Marion County 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 Marion County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Latta.
For example, the median home price in Latta is $9,500, with tax bills ranging significantly across the county. Zip code 29565 has the highest median home price at $9,500.
Property Tax Assessment Values Across Latta, Marion County, South Carolina
Source: Ownwell
$7,255
$8,628
$10,000
Median Latta Market Value
$9,000
Median Marion County Market Value
$9,500
Median South Carolina Market Value
$188,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Latta, Marion County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29565 | $5,000 | $6,500 | $9,000 | $10,000 | $18,936 |
Source: Ownwell
Property Tax Bills Across Latta, Marion County, South Carolina
In Latta, located in Marion County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate, or millage rate, is applied to this assessed value to determine the tax bill. Factors such as property improvements or changes in market conditions can influence the assessed value, impacting the overall tax bill. With a median home price of $9,500, Latta's property tax bills are relatively low, with the highest median tax bill recorded at $127.00. This is significantly below the national median property tax bill of $2,400, making it an attractive area for homeowners seeking affordability.
Ownwell assists homeowners in Latta by providing property tax appeal services, ensuring that their assessed values are fair and accurate. By leveraging local expertise and data insights, Ownwell helps homeowners identify potential savings, potentially reducing their property tax burdens. This service not only aids in lowering annual expenses but also ensures homeowners are not overpaying on their property taxes.
Median Latta Tax Bill
$109
Median Marion County Tax Bill
$142
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Latta, Marion County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29565 | $26 | $41 | $109 | $164 | $209 |
Source: Ownwell