Tatum, Marlboro County, South Carolina Property Taxes
Median Tatum, SC effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Tatum, SC home value: $52,183
Median annual Tatum, SC tax bill: $315, $2,085 lower than the national median property tax bill of $2,400.
How are property taxes in Marlboro calculated?
Property taxes in Tatum, 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 Tatum’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tatum, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Tatum, Marlboro County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.56%
Estimate Property Tax Bill
$439
$408
Property Tax Rates Across Tatum, Marlboro County, South Carolina
Local government entities determine property tax rates, leading to significant variations within a state. Each year, counties calculate the necessary budget to maintain services and divide this by the total value of all taxable properties in their area, resulting in the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is essentially the annual procedure.
In Tatum, located in Marlboro County, the effective property tax rate stands at 0.62%. This rate is consistent with both the highest and lowest median tax rates within the state, indicating a uniformity in property tax rates across different areas. When compared to the national median property tax rate of 1.02%, Tatum's rate is notably lower, which may appeal to property owners seeking affordable tax obligations. Furthermore, the national median property tax bill is $2400, suggesting that residents in Tatum could potentially benefit from reduced financial burdens related to property taxes. As you evaluate property tax rates across the state and the country, consider how Tatum's lower rate might influence your property investment decisions.
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 Tatum Tax Rate
0.56%
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 Marlboro County Tax Rate
0.81%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Tatum, Marlboro County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29594 | 0.16% | 0.43% | 0.56% | 0.76% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Tatum, Marlboro County, South Carolina
When examining property taxes in Tatum, 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 Marlboro 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 Marlboro 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 Tatum. For example, the median home price in Tatum is $52,183, with tax bills ranging significantly across the county. The zip code 29594 has the highest median home price at $52,183.
Property Tax Assessment Values Across Tatum, Marlboro County, South Carolina
Source: Ownwell
$29,228
$53,834
$78,440
Median Tatum Market Value
$78,440
Median Marlboro County Market Value
$34,535
Median South Carolina Market Value
$188,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Tatum, Marlboro County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29594 | $49,219 | $60,666 | $78,440 | $100,373 | $110,707 |
Source: Ownwell
Property Tax Bills Across Tatum, Marlboro County, South Carolina
Median Tatum Tax Bill
$340
Median Marlboro County Tax Bill
$323
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Tatum, Marlboro County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29594 | $120 | $272 | $340 | $782 | $830 |
Source: Ownwell