Lugoff, Richland County, South Carolina Property Taxes
Median Lugoff, SC effective property tax rate: 3.29%, significantly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Lugoff, SC home value: $13,900
Median annual Lugoff, SC tax bill: $567, $1,833 lower than the national median property tax bill of $2,400.
How are property taxes in Richland calculated?
Property taxes in Lugoff, 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 Lugoff’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lugoff, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lugoff, Richland County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.33%
Estimate Property Tax Bill
$833
$773
Property Tax Rates Across Lugoff, Richland County, South Carolina
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each year, counties estimate their required budget for services and divide it by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the essence of the annual process.
In Lugoff, located in Richland County, the effective property tax rate stands out when compared to other cities in South Carolina. The city's median property tax rate is notably higher than the national median of 1.02%. This difference highlights the unique tax landscape within the county, where the median property tax rate is also higher than the national average. Understanding these rates is crucial for property owners, as it directly impacts their annual tax bills.
By comparing Lugoff's property tax rate to state and national medians, property owners can gain insight into how their taxes align with broader trends. This knowledge is essential for making informed decisions about property ownership and investments in the area.
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 Lugoff Tax Rate
1.33%
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 Richland County Tax Rate
0.72%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lugoff, Richland County, South Carolina
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
29078 | 0.57% | 0.79% | 1.33% | 2.90% | 3.59% |
Source: Ownwell
Property Tax Assessment Values Across Lugoff, Richland County, South Carolina
When examining property taxes in Lugoff, 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 Richland County Assessor's Office 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 Richland 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 Lugoff.
For example, the median home price in Lugoff is $13,900, with tax bills ranging significantly across the county. Zip code 29078 has the highest median home price at $13,900.
Property Tax Assessment Values Across Lugoff, Richland County, South Carolina
Source: Ownwell
$62,600
$228,400
$394,200
Median Lugoff Market Value
$62,600
Median Richland County Market Value
$203,700
Median South Carolina Market Value
$188,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lugoff, Richland County, South Carolina
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
29078 | $5,100 | $11,670 | $62,600 | $134,600 | $183,600 |
Source: Ownwell
Property Tax Bills Across Lugoff, Richland County, South Carolina
Median Lugoff Tax Bill
$710
Median Richland County Tax Bill
$1,651
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Lugoff, Richland County, South Carolina
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
29078 | $131 | $386 | $710 | $1,312 | $2,145 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
---|
Links | |
---|---|
Richland Tax Assessor | |
Website | property.spatialest.com |