Waterloo, Laurens County, South Carolina Property Taxes
Median Waterloo, SC effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, and higher than the South Carolina state median of 0.66%.
Median Waterloo, SC home value: $58,000
Median annual Waterloo, SC tax bill: $413, $1,987 lower than the national median property tax bill of $2,400.
How are property taxes in Laurens County calculated?
Property taxes in Waterloo, 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 Waterloo's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waterloo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Waterloo, Laurens County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$418
$388
Property Tax Rates Across Waterloo, Laurens County, South Carolina
Local government entities in South Carolina set tax rates, and these can vary significantly across different regions. Each year, counties estimate their budgetary needs for services and divide this by the total value of all taxable property within their borders. This results in the property tax rate. While the process involves votes and laws, this is essentially how tax rates are determined annually.
Waterloo, located in Laurens County, has an effective property tax rate that is lower than the national median of 1.02%. This makes Waterloo an attractive option for property owners looking to minimize their tax burden. Compared to other cities in South Carolina, Waterloo's rate is among the lowest, offering a significant advantage for residents. The median property tax rate in South Carolina is also below the national median, reinforcing the state's reputation for favorable property tax conditions. For those considering a move or investment in South Carolina, Waterloo presents a compelling case with its lower-than-average tax rates, making it an appealing choice for potential homeowners and investors.
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 Waterloo Tax Rate
0.72%
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 Laurens County Tax Rate
0.75%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Waterloo, Laurens County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29384 | 0.31% | 0.53% | 0.72% | 2.06% | 3.29% |
Source: Ownwell
Property Tax Assessment Values Across Waterloo, Laurens County, South Carolina
When examining property taxes in Waterloo, 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 Laurens 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 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 Laurens 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 Waterloo. For example, the median home price in Waterloo is $58,000, with tax bills ranging significantly across the county. Zip code 29384 has the highest median home price at $58,000.
Property Tax Assessment Values Across Waterloo, Laurens County, South Carolina
Source: Ownwell
$37,700
$129,850
$222,000
Median Waterloo Market Value
$58,000
Median Laurens County Market Value
$68,500
Median South Carolina Market Value
$188,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Waterloo, Laurens County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29384 | $3,500 | $12,500 | $58,000 | $170,000 | $291,200 |
Source: Ownwell
Property Tax Bills Across Waterloo, Laurens County, South Carolina
Median Waterloo Tax Bill
$413
Median Laurens County Tax Bill
$513
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Waterloo, Laurens County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29384 | $87 | $150 | $413 | $1,099 | $2,013 |
Source: Ownwell