Lyman, Spartanburg County, South Carolina Property Taxes
Median Lyman, SC effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Lyman, SC home value: $218,700
Median annual Lyman, SC tax bill: $1,452, $948 lower than the national median property tax bill of $2,400.
How are property taxes in Spartanburg County calculated?
Property taxes in Lyman, 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 Lyman’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lyman, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lyman, Spartanburg County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.62%
Estimate Property Tax Bill
$1,356
$1,258
Property Tax Rates Across Lyman, Spartanburg County, South Carolina
Local government entities are responsible for setting property tax rates, leading to significant variations within a state. This is because each county annually estimates its budgetary needs for services and divides this by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. Although voting and legislative processes are involved, this is essentially how the annual process works.
In Lyman, located in Spartanburg County, South Carolina, the effective property tax rate is 0.62%. This rate is relatively low compared to the national median property tax rate of 1.02%. The uniformity of Lyman's tax rate with both the highest and lowest rates within its zip code indicates a consistent approach to property taxation in the area. This can be appealing to property owners seeking stable and predictable tax obligations. When compared to other cities in South Carolina and the U.S. median, Lyman offers a competitive property tax environment. This makes it an attractive option for homeowners and investors looking for favorable property tax conditions.
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 Lyman Tax Rate
0.62%
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 Spartanburg County Tax Rate
0.63%
Median Effective South Carolina Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lyman, Spartanburg County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29365 | 0.37% | 0.48% | 0.62% | 0.81% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Lyman, Spartanburg County, South Carolina
When examining property taxes in Lyman, SC, 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 Spartanburg 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 Spartanburg 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 Lyman. For example, the median home price in Lyman is $218,700, with tax bills ranging significantly across the county. Zip code 29365 has the highest median home price at $218,700.
Property Tax Assessment Values Across Lyman, Spartanburg County, South Carolina
Source: Ownwell
$29,300
$134,900
$240,500
Median Lyman Market Value
$218,700
Median Spartanburg County Market Value
$171,600
Median South Carolina Market Value
$140,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lyman, Spartanburg County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29365 | $26,900 | $131,560 | $218,700 | $289,850 | $367,700 |
Source: Ownwell
Property Tax Bills Across Lyman, Spartanburg County, South Carolina
Median Lyman Tax Bill
$1,452
Median Spartanburg County Tax Bill
$1,309
Median South Carolina Tax Bill
$1,086
Median United States Tax Bill
$2,400
Property Tax Bills Across Lyman, Spartanburg County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29365 | $456 | $914 | $1,452 | $2,138 | $3,052 |
Source: Ownwell