Lane, Williamsburg County, South Carolina Property Taxes
Median LANE, SC effective property tax rate: 1.13%, significantly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median LANE, SC home value: $19,600
Median annual LANE, SC tax bill: $169, $2,231 lower than the national median property tax bill of $2,400.
How are property taxes in Williamsburg calculated?
Property taxes in LANE, 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 LANE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LANE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lane, Williamsburg County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.07%
Estimate Property Tax Bill
$193
$179
Property Tax Rates Across Lane, Williamsburg County, South Carolina
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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.
In Lane, located in Williamsburg County, South Carolina, the effective property tax rate can be compared to other cities in South Carolina and the national median property tax rates. South Carolina's median property tax rate stands at 0.56%, significantly lower than the national median of 1.02%. This can result in a lower property tax bill for homeowners in Lane compared to those in other states. However, within South Carolina, rates can still fluctuate based on local assessments and budgetary requirements. Understanding these differences can be crucial for homeowners looking to manage their property tax liabilities effectively. By appealing assessments or exploring exemptions, residents can potentially reduce their property tax burden, ensuring they pay a fair amount relative to their property's assessed value.
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 Lane Tax Rate
1.07%
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 Williamsburg County Tax Rate
1.08%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lane, Williamsburg County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29564 | 0.13% | 0.21% | 1.07% | 2.27% | 3.85% |
Source: Ownwell
Property Tax Assessment Values Across Lane, Williamsburg County, South Carolina
When examining property taxes in Lane, 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 Williamsburg 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 Williamsburg 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 Lane. For example, the median home price in Lane is $19,600, with tax bills ranging significantly across the county. Zip code 29564 has the highest median home price at $19,600.
Property Tax Assessment Values Across Lane, Williamsburg County, South Carolina
Source: Ownwell
$16,500
$37,175
$57,850
Median Lane Market Value
$18,000
Median Williamsburg County Market Value
$21,520
Median South Carolina Market Value
$188,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lane, Williamsburg County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29564 | $5,050 | $6,916 | $18,000 | $42,034 | $103,984 |
Source: Ownwell
Property Tax Bills Across Lane, Williamsburg County, South Carolina
Median Lane Tax Bill
$171
Median Williamsburg County Tax Bill
$188
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Lane, Williamsburg County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29564 | $28 | $94 | $171 | $403 | $824 |
Source: Ownwell