Isle Of Palms, Georgetown County, South Carolina Property Taxes

Name: Property Tax Bills Across Isle Of Palms, Georgetown County, South Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median ISLE OF PALMS, SC effective property tax rate: 1.69%, significantly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median ISLE OF PALMS, SC home value: $38,900
Median annual ISLE OF PALMS, SC tax bill: $659, $1,741 lower than the national median property tax bill of $2,400.

How are property taxes in Georgetown calculated?

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

Last Updated March 1, 2025

Isle Of Palms, Georgetown County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.69%

Estimate Property Tax Bill

$657

$610

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

Property Tax Rates Across Isle Of Palms, Georgetown County, South Carolina

Local government entities in South Carolina determine tax rates, which can vary significantly across the state. Each year, counties like Charleston County calculate their necessary budget to fund services and divide this by the total assessed value of all taxable property in their area. This calculation determines the property tax rate. Although voting and legislation play roles in setting these rates and budgets, this is the basic annual procedure.

For instance, Isle of Palms in Charleston County has a property tax rate that can be compared to other cities in South Carolina, as well as the state's median property tax rate of 0.55% and the national median of 1.02%. With a median property tax bill of $1,425, Isle of Palms residents pay significantly less than the national median bill of $2,400. Such comparisons highlight the variability in tax burdens across different regions, emphasizing the importance of understanding local property tax dynamics.

Property Tax Rates Across Isle Of Palms, Georgetown County, South Carolina

Source: Ownwell

0.55%

0.99%

1.43%

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 Isle Of Palms Tax Rate

1.69%

Median Effective Georgetown County Tax Rate

0.91%

Median Effective South Carolina Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Isle Of Palms, Georgetown County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29451	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Isle Of Palms, Georgetown County, South Carolina

When examining property taxes in Isle of Palms, 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 Georgetown 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 Georgetown 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 Isle of Palms. For example, the median home price in Isle of Palms is $38,900, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Isle Of Palms, Georgetown County, South Carolina

Source: Ownwell

$20,850

$158,125

$295,400

Median Isle Of Palms Market Value

$38,900

Median Georgetown County Market Value

$155,000

Median South Carolina Market Value

$140,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Isle Of Palms, Georgetown County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29451	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Isle Of Palms, Georgetown County, South Carolina

In Isle of Palms, located in Georgetown County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate, or millage rate, is then applied to this assessed value to determine the annual tax bill. Homeowners in Isle of Palms face property tax bills that are significantly lower than the national median, with typical bills around $659, compared to the national median of $2,400. This lower tax burden can be attributed to local tax rates and assessment practices. However, homeowners can still benefit from ensuring their property is assessed accurately and that they are taking advantage of any available exemptions. Ownwell specializes in property tax appeals and exemption services, helping homeowners potentially reduce their tax bills by ensuring fair assessments and identifying applicable exemptions. By leveraging Ownwell’s expertise, homeowners in Isle of Palms can navigate the complexities of property taxes and secure potential savings on their annual tax obligations.

Property Tax Bills Across Isle Of Palms, Georgetown County, South Carolina

Source: Ownwell

$192

$1,111

$2,030

Median Isle Of Palms Tax Bill

$659

Median Georgetown County Tax Bill

$1,240

Median South Carolina Tax Bill

$1,086

Median United States Tax Bill

$2,400

Property Tax Bills Across Isle Of Palms, Georgetown County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29451	N/A	N/A	N/A	N/A	N/A

Source: Ownwell