Alcolu, Sumter County, South Carolina Property Taxes
Median ALCOLU, SC effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but higher than the South Carolina state median of 0.72%.
Median ALCOLU, SC home value: $30,825
Median annual ALCOLU, SC tax bill: $271, $2,129 lower than the national median property tax bill of $2,400.
How are property taxes in Sumter County calculated?
Property taxes in ALCOLU, 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 ALCOLU’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ALCOLU, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Alcolu, Sumter County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$231
$215
Property Tax Rates Across Alcolu, Sumter County, South Carolina
Local government entities determine property tax rates, which can differ significantly within a state. Each year, counties like Sumter estimate the budget needed to deliver essential services and divide it by the total assessed value of all taxable properties in their area. This process determines the property tax rate. Although votes and legislation play roles in setting these rates and budgets, this is the core of the annual procedure.
In Alcolu, Sumter County, the effective property tax rate is a reflection of this meticulous calculation. When comparing Alcolu's rate to other cities in South Carolina, it's noteworthy that the median property tax rate here is below the national median of 1.02%. This means that property owners in Alcolu generally enjoy a lower tax burden compared to many other areas. Understanding these rates can help property owners make informed decisions about potential appeals or exemptions. By staying informed about local property tax trends, residents can better navigate their financial responsibilities and potentially reduce their tax liabilities.
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 Alcolu Tax Rate
0.75%
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 Sumter County Tax Rate
1.06%
Median Effective South Carolina Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Alcolu, Sumter County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29001 | 0.38% | 0.61% | 0.75% | 1.95% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Alcolu, Sumter County, South Carolina
When examining property taxes in Alcolu, 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 Sumter 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 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 Sumter 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 Alcolu. For example, the median home price in Alcolu is $30,825, with tax bills ranging significantly across the county. Zip code 29001 has the highest median home price at $30,825.
Property Tax Assessment Values Across Alcolu, Sumter County, South Carolina
Source: Ownwell
$10,000
$55,350
$100,700
Median Alcolu Market Value
$30,825
Median Sumter County Market Value
$37,792
Median South Carolina Market Value
$140,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Alcolu, Sumter County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29001 | $3,333 | $7,473 | $30,825 | $120,382 | $198,244 |
Source: Ownwell
Property Tax Bills Across Alcolu, Sumter County, South Carolina
Median Alcolu Tax Bill
$271
Median Sumter County Tax Bill
$351
Median South Carolina Tax Bill
$1,086
Median United States Tax Bill
$2,400
Property Tax Bills Across Alcolu, Sumter County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29001 | $50 | $82 | $271 | $661 | $1,345 |
Source: Ownwell
