Property Taxes in Wallace, South Carolina
Median Wallace, South Carolina effective property tax rate: 0.88%, significantly lower than the national median of 1.02%, and lower than the South Carolina state median of 0.66%.
Median Wallace, South Carolina home value: $29,672
Median annual Wallace, South Carolina tax bill: $308, lower than the national median property tax bill of $2,400.
How are property taxes in Marlboro calculated?
Property taxes in Wallace, 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 Wallace's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wallace, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Wallace Property Tax Calculator Work?
Use this Wallace property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Wallace's median effective tax rate of 0.88% — based on actual property records in Marlboro County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment 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 Wallace'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 Wallace: rates range from 0.88% in 29596 to 0.88% in 29596, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Wallace.
About Wallace Property Taxes
About Property Taxes in Wallace, Marlboro, South Carolina
Wallace's median effective property tax rate of 0.88% is lower than the South Carolina state median of 0.66% and lower than the national median of 1.02%. This rate reflects the Marlboro 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 Wallace. Homeowners in the 29596 ZIP code carry a median effective rate of 0.88%, while those in the same ZIP code also pay 0.88%. This spread reflects how school district boundaries and local assessment districts are drawn across Marlboro County. Understanding which part of Wallace you live in can make a meaningful difference to your annual tax bill.
Wallace homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the January 15, 2027 deadline each year.
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 Wallace, Marlboro 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 Wallace'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 Ă· 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 Wallace Tax Rate
0.88%
Our median effective property tax rate (tax bill Ă· 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 Marlboro County Tax Rate
0.81%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Wallace, Marlboro County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29596 | 0.41% | 0.54% | 0.88% | 2.05% | 4.05% |
Source: Ownwell
Property Tax Assessment Values Across Wallace, Marlboro County, South Carolina
When examining property taxes in Wallace, 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 Marlboro 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.
Assessment notices:
In Marlboro 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. For example, the median home price in Wallace is $29,672, with tax bills ranging significantly across the county. ZIP code 29596 has the highest median home price at $29,672.
Property Tax Assessment Values Across Wallace, Marlboro County, South Carolina
Source: Ownwell
$29,228
$53,834
$78,440
Median Wallace Market Value
$29,672
Median Marlboro County Market Value
$34,535
Median South Carolina Market Value
$188,850
Median United States Market Value
$274,101
Property Tax Assessment Values Across Wallace, Marlboro County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29596 | $3,322 | $8,686 | $29,672 | $67,400 | $116,460 |
Source: Ownwell
Property Tax Bills Across Wallace, Marlboro County, South Carolina
Wallace property tax bills are based on the assessed value of a home, not its market price, and the local tax rate applied to that assessment. For homeowners in Wallace, the median home price is $29,672, which helps show how property taxes can vary even among similar homes. The tax bill is calculated by multiplying the assessed value by the tax rate, so changes in either can affect what a homeowner owes each year.
In Wallace, property taxes can have a noticeable impact because they are a recurring cost tied to homeownership. The 25th percentile tax bill is $185, while the 75th percentile is $555 and the 90th percentile is $836, showing a wide range of annual bills. The median tax bill is $308 in ZIP code 29596. Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Wallace homeowners generally face much lower property tax bills.
Median Wallace Tax Bill
$308
Median Marlboro County Tax Bill
$323
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$3,209
Property Tax Bills Across Wallace, Marlboro County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29596 | $49 | $185 | $308 | $555 | $836 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 15 |
Links | |
|---|---|
| Marlboro Tax Assessor | |
| Website | www.qpublic.net |