Lake City, Williamsburg County, South Carolina Property Taxes

Name: Property Tax Bills Across Lake City, Williamsburg County, South Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lake City, SC effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but higher than the South Carolina state median of 0.72%.
Median Lake City, SC home value: $26,812
Median annual Lake City, SC tax bill: $190, $2,210 lower than the national median property tax bill of $2,400.

How are property taxes in Williamsburg calculated?

Property taxes in Lake City, 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 Lake City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake City, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lake City, Williamsburg County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.83%

Estimate Property Tax Bill

$223

$207

Ownwell’s Lake City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake City with just two data points. By entering your property's estimated assessed value, our calculator applies Lake City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Williamsburg. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake City, Williamsburg County, South Carolina

Local government entities set tax rates, which can vary widely within a state. This is because 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.

Lake City in Williamsburg County, SC, has a unique property tax landscape. The effective property tax rate here is 0.83%, which is below the national median rate of 1.02%. This suggests that residents might enjoy relatively lower property tax bills compared to many other parts of the country. Additionally, Lake City's rate aligns with the highest and lowest median rates within its state, indicating a level of consistency in property tax assessments in the area. When compared to the national median property tax bill of $2,400, homeowners in Lake City may find their tax obligations more manageable. This favorable tax environment can be an attractive factor for potential property buyers considering a move to this region.

Property Tax Rates Across Lake City, Williamsburg County, South Carolina

Source: Ownwell

0.71%

1.21%

1.72%

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 Lake City Tax Rate

0.83%

Median Effective Williamsburg County Tax Rate

1.16%

Median Effective South Carolina Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake City, Williamsburg County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29560	0.12%	0.15%	0.83%	2.09%	3.36%

Source: Ownwell

Property Tax Assessment Values Across Lake City, Williamsburg County, South Carolina

When examining property taxes in Lake City, 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 Williamsburg 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 Williamsburg 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 Lake City. For example, the median home price in Lake City is $26,812, with tax bills ranging significantly across the county. Zip code 29560 has the highest median home price at $26,812.

Property Tax Assessment Values Across Lake City, Williamsburg County, South Carolina

Source: Ownwell

$17,200

$26,000

$34,800

Median Lake City Market Value

$26,812

Median Williamsburg County Market Value

$21,858

Median South Carolina Market Value

$140,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake City, Williamsburg County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29560	$4,950	$9,034	$26,812	$71,503	$167,348

Source: Ownwell

Property Tax Bills Across Lake City, Williamsburg County, South Carolina

In Lake City, located in Williamsburg County, SC, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Factors such as the home's location, size, and condition can influence this assessed value. In Lake City, the median home price is $26,812, and property tax bills can vary significantly, with the 25th percentile at $87 and the 90th percentile reaching $1,075. The median tax bill is notably lower than the national median of $2,400, reflecting the region's lower property values and tax rates. Homeowners in Lake City may find these bills manageable, but they still represent a significant expense. Ownwell offers services to help homeowners reduce their property tax bills by ensuring their property is not over-assessed. By appealing the assessed value, homeowners can potentially lower their tax obligations, providing much-needed financial relief.

Property Tax Bills Across Lake City, Williamsburg County, South Carolina

Source: Ownwell

$169

$217

$264

Median Lake City Tax Bill

$190

Median Williamsburg County Tax Bill

$188

Median South Carolina Tax Bill

$1,086

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake City, Williamsburg County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29560	$30	$87	$190	$459	$1,075

Source: Ownwell