Latta, Dillon County, South Carolina Property Taxes

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

Median Latta, SC effective property tax rate: 2.31%, significantly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Latta, SC home value: $11,460
Median annual Latta, SC tax bill: $292, $2,108 lower than the national median property tax bill of $2,400.

How are property taxes in Dillon calculated?

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

Last Updated March 1, 2025

Latta, Dillon County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.31%

Estimate Property Tax Bill

$265

$246

Ownwell’s Latta Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Latta with just two data points. By entering your property's estimated assessed value, our calculator applies Latta’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 Latta, Dillon County, South Carolina

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation arises because each county annually estimates the budget required to provide services and divides it by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Though setting tax rates and budgets involves votes and laws, this is the basic annual process.

In Latta, located in Dillon County, South Carolina, the effective property tax rate is notably higher than both the state and national averages. South Carolina's median property tax rate is lower than the national median of 1.02%, making Latta's rate an outlier within the state. This higher rate may be attributed to specific local budgetary needs or other unique factors influencing the county's financial requirements. Understanding how these rates compare to other cities in South Carolina and across the U.S. can provide valuable insights for property owners. By analyzing these differences, property owners can make informed decisions about property investments and tax appeals.

Property Tax Rates Across Latta, 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 Latta Tax Rate

2.31%

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 Latta, Dillon County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29565	0.83%	1.76%	2.31%	2.62%	6.82%

Source: Ownwell

Property Tax Assessment Values Across Latta, Dillon County, South Carolina

When examining property taxes in Latta, 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 Assessor 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 Latta.

For example, the median home price in Latta is $11,460, with tax bills ranging significantly across the county. The 29565 zip code has the highest median home price at $11,460.

Property Tax Assessment Values Across Latta, Dillon County, South Carolina

Source: Ownwell

$8,649

$18,750

$28,850

Median Latta Market Value

$11,460

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 Latta, Dillon County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29565	$3,270	$7,052	$11,460	$38,831	$69,470

Source: Ownwell

Property Tax Bills Across Latta, Dillon County, South Carolina

In Latta, Dillon County, SC, property tax bills are determined 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 calculate the annual tax bill. Factors such as the property's location, size, and improvements can influence the assessed value. Homeowners in Latta face a median property tax bill of $292, significantly lower than the national median of $2400. However, even with lower tax bills, understanding the nuances of property tax assessments can be challenging. This is where Ownwell steps in to assist homeowners. By providing expert property tax appeal and exemption services, Ownwell helps ensure that property owners are not overpaying. Through thorough analysis and strategic appeals, Ownwell can help homeowners potentially reduce their tax liabilities, ensuring they pay only what is fair. This not only eases the financial burden but also maximizes savings for homeowners in Latta.

Property Tax Bills Across Latta, Dillon County, South Carolina

Source: Ownwell

$200

$373

$545

Median Latta Tax Bill

$292

Median Dillon County Tax Bill

$372

Median South Carolina Tax Bill

$1,086

Median United States Tax Bill

$2,400

Property Tax Bills Across Latta, Dillon County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29565	$122	$171	$292	$686	$1,451

Source: Ownwell