Olanta, Sumter County, South Carolina Property Taxes
Median Olanta, SC effective property tax rate: 1.93%, significantly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Olanta, SC home value: $11,482
Median annual Olanta, SC tax bill: $156, $2,244 lower than the national median property tax bill of $2,400.
How are property taxes in Sumter calculated?
Property taxes in Olanta, 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 Olanta’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Olanta, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Olanta, Sumter County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$297
$275
Property Tax Rates Across Olanta, Sumter County, South Carolina
Local government entities set property tax rates, which can vary significantly within South Carolina. Each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting these rates and budgets, this is essentially the annual process.
Olanta in Sumter County, South Carolina, has an effective property tax rate of 1.93%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent across the county, as both the highest and lowest median tax rates are the same. The median property tax rate in South Carolina provides a point of comparison to other cities within the state and the U.S.
Understanding these rates can help property owners in Olanta make informed decisions when it comes to property tax appeals and exemptions. With a clear picture of how local rates compare nationally, residents can better navigate the complexities of property taxation.
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 Olanta Tax Rate
0.95%
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 Sumter 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 Olanta, Sumter County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29114 | 0.33% | 0.64% | 0.95% | 2.45% | 4.08% |
Source: Ownwell
Property Tax Assessment Values Across Olanta, Sumter County, South Carolina
When examining property taxes in Olanta, 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 Sumter 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 Sumter 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 Olanta.
For example, the median home price in Olanta is $11,482, with tax bills ranging significantly across the county. Zip code 29114 has the highest median home price at $11,482.
Property Tax Assessment Values Across Olanta, Sumter County, South Carolina
Source: Ownwell
$23,876
$77,640
$131,404
Median Olanta Market Value
$31,224
Median Sumter County Market Value
$90,302
Median South Carolina Market Value
$188,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Olanta, Sumter County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29114 | $6,048 | $8,837 | $31,224 | $75,267 | $159,547 |
Source: Ownwell
Property Tax Bills Across Olanta, Sumter County, South Carolina
In Olanta, located in Sumter County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. In Olanta, the median property tax bill is $156, significantly lower than the national median of $2400. However, even in regions with lower tax rates, homeowners may still overpay if their property is over-assessed.
Ownwell offers a solution to this problem by providing expert property tax appeal services. Our team analyzes your property's assessment and compares it with local market data to identify potential discrepancies. If an over-assessment is detected, we file an appeal on your behalf, potentially reducing your tax bill. By ensuring your property is assessed accurately, Ownwell helps you achieve savings, making homeownership more affordable.
Median Olanta Tax Bill
$299
Median Sumter County Tax Bill
$682
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Olanta, Sumter County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29114 | $74 | $120 | $299 | $649 | $1,235 |
Source: Ownwell