Lake View, Dillon County, South Carolina Property Taxes

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

Median LAKE VIEW, SC effective property tax rate: 2.32%, significantly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median LAKE VIEW, SC home value: $14,619
Median annual LAKE VIEW, SC tax bill: $301, $2,099 lower than the national median property tax bill of $2,400.

How are property taxes in Dillon calculated?

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

Last Updated March 1, 2025

Lake View, Dillon County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.32%

Estimate Property Tax Bill

$339

$315

Ownwell’s Lake View Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake View with just two data points. By entering your property's estimated assessed value, our calculator applies Lake View’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 Dillon County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake View, Dillon County, South Carolina

Local government entities set tax rates, which can vary widely within a state. This variation occurs 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 there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. In Lake View in Dillon County, SC, the effective property tax rate stands at 2.32%, significantly higher than the national median property tax rate of 1.02%. This means property owners in Lake View pay a higher percentage of their property's assessed value in taxes compared to the average American homeowner. Such a rate can impact the overall cost of owning property in the area, making it essential for homeowners to explore property tax appeal and exemption services. Comparing Lake View's tax rate to other cities in South Carolina and the U.S. highlights the importance of understanding local tax dynamics and their implications on property ownership.

Property Tax Rates Across Lake View, Dillon County, South Carolina

Source: Ownwell

1.76%

2.04%

2.32%

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 Lake View Tax Rate

2.32%

Median Effective Dillon County Tax Rate

2.15%

Median Effective South Carolina Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake View, Dillon County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29563	1.64%	1.83%	2.32%	2.79%	4.53%

Source: Ownwell

Property Tax Assessment Values Across Lake View, Dillon County, South Carolina

When examining property taxes in Lake View, 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 Dillon 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 Dillon 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 Lake View. For example, the median home price in Lake View is $14,619, with tax bills ranging significantly across the county. Zip code 29563 has the highest median home price at $14,619.

Property Tax Assessment Values Across Lake View, Dillon County, South Carolina

Source: Ownwell

$8,649

$18,750

$28,850

Median Lake View Market Value

$14,619

Median Dillon County Market Value

$19,512

Median South Carolina Market Value

$140,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake View, Dillon County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29563	$2,532	$6,182	$14,619	$48,928	$76,896

Source: Ownwell

Property Tax Bills Across Lake View, Dillon County, South Carolina

In Lake View, Dillon County, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. With a median home price of $14,619, homeowners in this area typically face a lower property tax burden compared to the national median, with tax bills ranging from the 25th percentile at $208 to the 90th percentile at $1,827. These figures highlight the variability in tax bills, influenced by factors such as property size, location, and improvements.

Homeowners can feel the impact of these taxes on their financial planning. Ownwell offers a solution by assisting homeowners in appealing their property assessments and identifying potential exemptions. This can lead to significant savings, ensuring that residents pay only their fair share. By leveraging expert knowledge and a streamlined process, Ownwell helps reduce the property tax burden for homeowners in Lake View.

Property Tax Bills Across Lake View, Dillon County, South Carolina

Source: Ownwell

$200

$373

$545

Median Lake View Tax Bill

$301

Median Dillon County Tax Bill

$372

Median South Carolina Tax Bill

$1,086

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake View, Dillon County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29563	$65	$208	$301	$776	$1,827

Source: Ownwell