Property Taxes in Walterboro, South Carolina
Median Walterboro, South Carolina effective property tax rate: 1.00%, significantly lower than the national median of 1.02%, and higher than the South Carolina state median of 0.66%.
Median Walterboro, South Carolina home value: $58,700
Median annual Walterboro, South Carolina tax bill: $585, lower than the national median property tax bill of $2,400.
How are property taxes in Colleton calculated?
Property taxes in Walterboro, South Carolina 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 Walterboro's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Walterboro, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Walterboro Property Tax Calculator Work?
Use this Walterboro property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Walterboro's median effective tax rate of 1.00% — based on actual property records in Colleton County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Walterboro's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Walterboro: rates range from 1.00% in 29488 to 1.00% in 29488, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Walterboro.
About Walterboro Property Taxes
About Property Taxes in Walterboro, Colleton, South Carolina
Walterboro's median effective property tax rate of 1.00% is lower than the South Carolina state median of 0.66% and lower than the national median of 1.02%. This rate reflects the Colleton County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Walterboro. Homeowners in the 29488 ZIP code carry a median effective rate of 1.00%, while those in the same ZIP also pay 1.00%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Colleton County. Understanding which part of Walterboro you live in can make a meaningful difference to your annual tax bill.
Walterboro homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the January 15, 2027 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Walterboro, Colleton County, South Carolina
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? 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. This calculation results 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.
Below, you can compare Walterboro's effective property tax rate to other cities in South Carolina and the median property tax rates in South Carolina and the U.S.
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 Walterboro Tax Rate
1.00%
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 Colleton County Tax Rate
1.07%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Walterboro, Colleton County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29488 | 0.32% | 0.66% | 1.00% | 2.14% | 2.55% |
Source: Ownwell
Property Tax Assessment Values Across Walterboro, Colleton County, South Carolina
When examining property taxes in Walterboro, 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 Colleton 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.
Assessment notices:
In Colleton County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the spring.
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 Walterboro.
For example, the median home price in Walterboro is $58,700, with tax bills ranging significantly across the county. 29488 has the highest median home price at $58,700.
Property Tax Assessment Values Across Walterboro, Colleton County, South Carolina
Source: Ownwell
$35,050
$235,000
$434,950
Median Walterboro Market Value
$58,700
Median Colleton County Market Value
$64,000
Median South Carolina Market Value
$188,850
Median United States Market Value
$274,101
Property Tax Assessment Values Across Walterboro, Colleton County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29488 | $10,000 | $21,000 | $58,700 | $131,200 | $226,590 |
Source: Ownwell
Property Tax Bills Across Walterboro, Colleton County, South Carolina
Walterboro property tax bills are based on the assessed value of a home, which is then multiplied by the local tax rate to determine what a homeowner owes. For homeowners in Colleton County, the size of the bill depends on the market value of the property, any exemptions that apply, and the taxing authorities that collect revenue for local services.
With a median home price of $58,700, property tax bills in Walterboro can still vary widely depending on the specific home and location. The 25th percentile tax bill is $242, while the 75th percentile is $1,275 and the 90th percentile reaches $2,179. The median tax bill is $585 in ZIP code 29488, which is also the highest and lowest median tax bill listed.
For homeowners, this means a property tax bill can be a manageable annual expense for some, but a much larger cost for others with higher assessed values or fewer exemptions.
Property Tax Bills Across Walterboro, Colleton County, South Carolina
Source: Ownwell
$331
$3,206
$6,081
Median Walterboro Tax Bill
$585
Median Colleton County Tax Bill
$635
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$3,209
Property Tax Bills Across Walterboro, Colleton County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29488 | $100 | $242 | $585 | $1,275 | $2,179 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 29 |
Links | |
|---|---|
| Colleton Tax Assessor | |
| Website | qpublic.schneidercorp.com |