Fripp Island, Beaufort County, South Carolina Property Taxes

Name: Property Tax Bills Across Fripp Island, Beaufort County, South Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median FRIPP ISLAND, SC effective property tax rate: 1.72%, significantly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median FRIPP ISLAND, SC home value: $440,000
Median annual FRIPP ISLAND, SC tax bill: $7,931, $5,531 higher than the national median property tax bill of $2,400.

How are property taxes in Beaufort calculated?

Property taxes in FRIPP ISLAND, 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 FRIPP ISLAND’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in FRIPP ISLAND, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fripp Island, Beaufort County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.72%

Estimate Property Tax Bill

$7,568

$7,023

Ownwell’s Fripp Island Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fripp Island with just two data points. By entering your property's estimated assessed value, our calculator applies Fripp Island’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Beaufort County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Beaufort County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fripp Island, Beaufort County, South Carolina

Local government entities determine tax rates, which can differ significantly within South Carolina. Each year, counties like Beaufort estimate the budget needed to fund services and then divide this amount by the total assessed value of all taxable properties within their jurisdiction. This calculation establishes the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially the annual process.

In Fripp Island, located in Beaufort County, the effective property tax rate is notably higher than the national median of 1.02%. South Carolina's median property tax rate is 1.72%, which also surpasses the national average. This indicates that property owners in Fripp Island may experience higher tax bills compared to other regions in the state and the country. Understanding these differences is crucial for property owners considering an appeal or exemption. By comparing Fripp Island's tax rate to other cities in South Carolina and the national median, property owners can better assess their tax obligations and explore potential savings.

Property Tax Rates Across Fripp Island, Beaufort County, South Carolina

Source: Ownwell

0.51%

1.18%

1.85%

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 Fripp Island Tax Rate

1.72%

Median Effective Beaufort County Tax Rate

0.82%

Median Effective South Carolina Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fripp Island, Beaufort County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29920	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Fripp Island, Beaufort County, South Carolina

When examining property taxes in Fripp Island, 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 Beaufort 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 Beaufort 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 Fripp Island. For example, the median home price in Fripp Island is $440,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Fripp Island, Beaufort County, South Carolina

Source: Ownwell

$42,950

$848,000

$1,653,050

Median Fripp Island Market Value

$440,000

Median Beaufort County Market Value

$278,200

Median South Carolina Market Value

$140,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fripp Island, Beaufort County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29920	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Fripp Island, Beaufort County, South Carolina

In Fripp Island, located in Beaufort County, SC, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Factors such as the property's location, size, and improvements can influence its market value, thus affecting the assessed value and the resulting tax bill. The median home price in Fripp Island is $440,000, which can lead to significant property tax bills for homeowners. For instance, the 25th percentile tax bill is $7,752, while the 75th percentile tax bill reaches $8,824, and the 90th percentile tax bill is $9,361. These amounts are considerably higher than the national median property tax bill of $2,400. Homeowners in Fripp Island can benefit from Ownwell's services, which include property tax appeal and exemption assistance. By leveraging local expertise and a deep understanding of property tax regulations, Ownwell helps homeowners potentially reduce their property tax burdens, ensuring they only pay their fair share.

Property Tax Bills Across Fripp Island, Beaufort County, South Carolina

Source: Ownwell

$346

$10,018

$19,689

Median Fripp Island Tax Bill

$7,931

Median Beaufort County Tax Bill

$2,400

Median South Carolina Tax Bill

$1,086

Median United States Tax Bill

$2,400

Property Tax Bills Across Fripp Island, Beaufort County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29920	N/A	N/A	N/A	N/A	N/A

Source: Ownwell