Property Taxes in Lexington, South Carolina
Median Lexington, South Carolina effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, and lower than the South Carolina state median of 0.66%.
Median Lexington, South Carolina home value: $192,413
Median annual Lexington, South Carolina tax bill: $1,246, $1,154 lower than the national median property tax bill of $2,400.
How are property taxes in Lexington County calculated?
Property taxes in Lexington, 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 Lexington's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lexington, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Lexington Property Tax Calculator Work?
Use this Lexington property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lexington's median effective tax rate of 0.60% — based on actual property records in Lexington 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 Lexington'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 Lexington: median bills range from $944 in 29073 to $1,550 in 29072, primarily due to differences in school district levies and local assessment districts. Lexington's median tax rate is lower than South Carolina's 0.66% and the national median property tax rate of 1.02%.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lexington.
About Lexington Property Taxes
About Property Taxes in Lexington, Lexington, South Carolina
Lexington’s median effective property tax rate of 0.60% is lower than the South Carolina state median of 0.66% and lower than the national median of 1.02%. This rate reflects the Lexington 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 Lexington. Homeowners in the 29072 ZIP code carry a median effective rate of 0.60%, while those in 29073 pay 0.60%. This spread reflects how school district boundaries and local assessment districts are drawn across Lexington County. Understanding which part of Lexington you live in can make a meaningful difference to your annual tax bill.
Lexington homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before January 15, 2027.
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 Lexington, Lexington 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 Lexington'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 Lexington Tax Rate
0.60%
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 Lexington County Tax Rate
0.60%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Lexington, Lexington County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29072 | 0.42% | 0.60% | 0.60% | 0.70% | 2.98% |
| 29073 | 0.32% | 0.60% | 0.60% | 0.60% | 2.98% |
Source: Ownwell
Property Tax Assessment Values Across Lexington, Lexington County, South Carolina
When examining property taxes in Lexington, 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 Lexington County tax authority 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 Lexington County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Lexington.
For example, the median home price in Lexington is $192,413, with tax bills ranging significantly across the county. 29072 has the highest median home price at $241,384.
Property Tax Assessment Values Across Lexington, Lexington County, South Carolina
Source: Ownwell
$21,160
$158,080
$295,000
Median Lexington Market Value
$192,413
Median Lexington County Market Value
$157,196
Median South Carolina Market Value
$188,850
Median United States Market Value
$274,101
Property Tax Assessment Values Across Lexington, Lexington County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29072 | $123,518 | $167,868 | $241,384 | $339,746 | $471,641 |
| 29073 | $25,983 | $95,578 | $149,368 | $210,000 | $280,504 |
Source: Ownwell
Property Tax Bills Across Lexington, Lexington County, South Carolina
How are property tax bills calculated in Lexington?
Property tax bills in Lexington are based on the assessed value of a home, which is then multiplied by the local tax rate. That assessed value reflects the market value of the property, and local taxing authorities use it to determine how much a homeowner owes each year. Factors such as location, property characteristics, and local tax rates all play a role in the final bill.
What do Lexington homeowners typically pay?
The median home price in Lexington is $192,413, and property tax bills vary widely across the city. The 25th percentile tax bill is $777, while the 75th percentile reaches $2,007. At the high end, the 90th percentile tax bill is $3,684. ZIP code 29072 has the highest median tax bill at $1,550, while ZIP code 29073 has the lowest at $944.
How does this affect homeowners?
Because tax bills are tied to assessed value and local rates, homeowners with higher-value properties or homes in higher-tax areas generally pay more. That means even similar homes can have very different tax bills depending on where they are located in Lexington.
Property Tax Bills Across Lexington, Lexington County, South Carolina
Source: Ownwell
$374
$1,142
$1,909
Median Lexington Tax Bill
$1,246
Median Lexington County Tax Bill
$1,084
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$3,209
Property Tax Bills Across Lexington, Lexington County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29072 | $653 | $1,024 | $1,550 | $2,385 | $4,155 |
| 29073 | $253 | $590 | $944 | $1,463 | $2,732 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | October 18 |
Links | |
|---|---|
| Lexington Tax Assessor | |
| Website | www.lex-co.com |