Nichols, Marion County, South Carolina Property Taxes
Median Nichols, SC effective property tax rate: 1.62%, significantly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Nichols, SC home value: $9,000
Median annual Nichols, 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 Nichols, 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 Nichols’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nichols, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Nichols, Marion County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.82%
Estimate Property Tax Bill
$132
$123
Property Tax Rates Across Nichols, 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 Nichols’s effective property tax rate to other cities in South Carolina and the median property tax rates in South Carolina and the U.S.
In Nichols, located in Marion County, property owners experience a median tax rate of 1.62%. This rate is notably higher than the national median property tax rate of 1.02%. Property owners in Nichols pay a rate that is consistent with the highest in the state, highlighting the importance of understanding local tax obligations. With the national median property tax bill at $2400, property owners in Nichols might find their bills significantly higher, depending on their property's assessed value. This underscores the need for property tax appeal and exemption services to potentially reduce tax burdens.
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 Nichols Tax Rate
1.82%
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 Nichols, Marion County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29581 | 0.43% | 0.43% | 1.82% | 2.36% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Nichols, Marion County, South Carolina
When examining property taxes in Nichols, 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'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.
In Marion 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 Nichols.
For example, the median home price in Nichols is $9,000, with tax bills ranging significantly across the county. Zip code 29581 has the highest median home price at $9,000.
Property Tax Assessment Values Across Nichols, Marion County, South Carolina
Source: Ownwell
$7,255
$8,628
$10,000
Median Nichols Market Value
$7,255
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 Nichols, Marion County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29581 | $4,000 | $6,000 | $7,255 | $14,004 | $44,726 |
Source: Ownwell
Property Tax Bills Across Nichols, Marion County, South Carolina
Median Nichols Tax Bill
$126
Median Marion County Tax Bill
$142
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Nichols, Marion County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29581 | $30 | $48 | $126 | $196 | $542 |
Source: Ownwell