Property Taxes in Lake City, South Carolina
Median Lake City, South Carolina effective property tax rate: 0.76%, significantly higher than the national median of 1.02%, and lower than the South Carolina state median of 0.66%.
Median Lake City, South Carolina home value: $27,060
Median annual Lake City, South Carolina tax bill: $186, lower than the national median property tax bill of $2,400.
How are property taxes in Williamsburg calculated?
Property taxes in Lake City, 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 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 April 13, 2026
How Does the Lake City Property Tax Calculator Work?
Use this Lake City property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lake City’s median effective tax rate of 0.76% — based on actual property records in Williamsburg County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal 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 Lake City’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 Lake City: rates range from 0.76% in 29560 to 0.76% in 29560, 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 Lake City.
About Lake City Property Taxes
About Property Taxes in Lake City, Williamsburg, SC
Lake City’s median effective property tax rate of 0.76% is higher than the South Carolina state median of 0.66% and lower than the national median of 1.02%. This rate reflects the Williamsburg 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 Lake City. Homeowners in the 29560 ZIP code carry a median effective rate of 0.76%, while those in the same ZIP code also pay 0.76%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Williamsburg County. Understanding which part of Lake City you live in can make a meaningful difference to your annual tax bill.
Lake City 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 Lake City, Williamsburg 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 Lake City’s effective property tax rate to other cities in South Carolina and the median property tax rates in South Carolina and the U.S.
Property Tax Rates Across Lake City, Williamsburg County, South Carolina
Source: Ownwell
0.14%
0.89%
1.65%
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
0.76%
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 Williamsburg County Tax Rate
1.08%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.27%
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% | 0.76% | 2.18% | 3.39% |
Source: Ownwell
Property Tax Assessment Values Across Lake City, Williamsburg County, South Carolina
When examining property taxes in Lake City, 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 Williamsburg 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 Williamsburg 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. 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 $27,060, with tax bills ranging significantly across the county. Zip code 29560 has the highest median home price at $27,060.
Property Tax Assessment Values Across Lake City, Williamsburg County, South Carolina
Source: Ownwell
$16,500
$37,175
$57,850
Median Lake City Market Value
$27,060
Median Williamsburg County Market Value
$21,520
Median South Carolina Market Value
$188,850
Median United States Market Value
$274,101
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 | $8,730 | $27,060 | $72,600 | $172,325 |
Source: Ownwell
Property Tax Bills Across Lake City, Williamsburg County, South Carolina
Property tax bills in Lake City are based on the assessed value of a home, which is then multiplied by the local tax rate. For homeowners, the key factors are the property’s market value, any exemptions that may apply, and the millage rates set by local taxing authorities. When a home’s assessed value rises, the tax bill can increase as well, even if the owner has not made any changes to the property.
In Lake City, the median home price is $27,060, and the median property tax bill is $186.00 in ZIP code 29560. That is far below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. For homeowners, this means property taxes are generally modest, but even a small change in assessment can affect what is owed each year.
Median Lake City Tax Bill
$186
Median Williamsburg County Tax Bill
$188
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$3,209
Property Tax Bills Across Lake City, Williamsburg County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29560 | $28 | $83 | $186 | $423 | $902 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | December 30 |
Links | |
|---|---|
| Williamsburg Tax Assessor | |
| Website | williamsburgsc.wthgis.com |