Lexington, Beaufort County, South Carolina Property Taxes

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

Median Lexington, SC effective property tax rate: 1.42%, significantly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Lexington, SC home value: $86,200
Median annual Lexington, SC tax bill: $1,226, $1,174 lower than the national median property tax bill of $2,400.

How are property taxes in Beaufort calculated?

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

Last Updated March 1, 2025

Lexington, Beaufort County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.42%

Estimate Property Tax Bill

$1,224

$1,136

Ownwell’s Lexington Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lexington with just two data points. By entering your property's estimated assessed value, our calculator applies Lexington’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 45013. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lexington, Beaufort County, South Carolina

Local government entities set tax rates, which can vary widely within a state. This is 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, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Lexington, located in Lexington County, South Carolina, the property tax landscape presents a unique scenario. The effective property tax rate here can be compared to other cities in South Carolina and the median property tax rates in the state and the U.S. South Carolina's median tax rate is notably lower than the national median of 1.02%, offering potential savings for property owners in the region.

Understanding these dynamics can be crucial for property owners considering an appeal or seeking exemptions. By staying informed about local tax rates and how they compare to broader benchmarks, property owners in Lexington can make more strategic decisions about their investments and potential savings.

Property Tax Rates Across Lexington, 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 Lexington Tax Rate

1.42%

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 Lexington, Beaufort County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29072	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lexington, Beaufort County, South Carolina

When examining property taxes in Lexington, 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 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 May. 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 Lexington. For example, the median home price in Lexington is $86,200, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Lexington, Beaufort County, South Carolina

Source: Ownwell

$42,950

$848,000

$1,653,050

Median Lexington Market Value

$86,200

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 Lexington, Beaufort County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29072	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lexington, Beaufort County, South Carolina

In Lexington, South Carolina, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Lexington, the median home price is $86,200, with property tax bills typically around $1,226, which is significantly lower than the national median property tax bill of $2,400. This lower tax bill can be attributed to South Carolina's generally lower property tax rates compared to the national median rate of 1.02%. However, even with these lower rates, homeowners may still find opportunities to reduce their tax burden. That's where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners identify potential savings and ensure they are not overpaying on their property taxes. Our team of professionals works diligently to analyze each case, offering personalized solutions to help reduce your property tax bill effectively.

Property Tax Bills Across Lexington, Beaufort County, South Carolina

Source: Ownwell

$346

$10,018

$19,689

Median Lexington Tax Bill

$1,226

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 Lexington, Beaufort County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29072	N/A	N/A	N/A	N/A	N/A

Source: Ownwell