Georgetown County Property Tax Rates
Here is a table of Georgetown County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.3675 |
| Education | $0.2440 |
| Fire | $0.1300 |
| Solid Waste | $0.0450 |
| Road Maintenance | $0.0100 |
| Library | $0.0300 |
| Total | $0.8265 |
It is important to note that property tax rates can vary based on several factors, such as the location and size of the property. It is best to consult with a tax advisor for specific information about your property tax rates.
Example of Georgetown County Property Tax Calculation
Georgetown County calculates property taxes based on the assessed value of the property. The assessed value is determined by the county assessor's office, and it is typically calculated as a percentage of the property's market value.
For example, if a property has a market value of $100,000 and the assessed value is 80%, the assessed value would be $80,000. The property tax rate is then applied to the assessed value to determine the amount of taxes owed.
In Georgetown County, the property tax rate for the 2021-2022 fiscal year is set at 0.62%. Using the example above, the property tax owed on a property with an assessed value of $80,000 would be $496 ($80,000 x 0.0062).
It's important to note that property taxes are typically paid in two installments each year, with the first installment due by January 15th and the second installment due by July 15th.
If you want appeal your property tax assessment - contact your local tax assessor.
Who sets property tax rates in Georgetown County ?
Who sets property tax rates in Georgetown County?
The Georgetown County Council is responsible for setting property tax rates in Georgetown County.
When are property tax rates set in Georgetown County?
Property tax rates are typically set annually during the county's budget meetings. The exact date can vary, but it is usually in the spring or early summer.
How are property tax rates determined in Georgetown County?
The property tax rates in Georgetown County are determined based on a variety of factors, including the assessed value of properties in the county, the county's budget needs, and any changes in state tax laws or regulations.
What is the current property tax rate in Georgetown County?
As of 2021, the current property tax rate in Georgetown County is 0.4192%. This means that property owners in Georgetown County pay $0.4192 in taxes for every $100 of assessed property value.
How are property taxes used in Georgetown County?
Property taxes in Georgetown County are used to fund a variety of county services and programs, including schools, public safety, road maintenance and repair, and parks and recreation.
When is Georgetown County Property Tax due ?
Georgetown County Property Tax is typically due on January 15th of each year. Here are some important details about payment methods:
Payment Methods:
| Method | Description |
|---|---|
| Online | Pay your property tax online by visiting Georgetown County's website and using their convenient payment portal. You can pay using a credit card or e-check. A convenience fee applies to all online payments. |
| Mail your payment to the Georgetown County Treasurer's Office, along with your payment stub. Make sure to allow enough time for your payment to be received by the deadline. | |
| In Person | Pay your property tax in person at the Georgetown County Treasurer's Office during regular business hours. They accept cash, checks, and credit cards. A convenience fee applies to all credit card payments. |
It's important to note that failure to pay property tax on time can result in penalties and interest charges. If you have any questions or concerns about Georgetown County Property Tax, contact the County Treasurer's Office for assistance.
If you have more questions - contact your local tax collector.
Homestead exemptions in Georgetown County ?
To better understand the Homestead exemptions and deductions in Georgetown County, South Carolina, below is a table that includes all the relevant information for each category:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| School Operating | Homeowners with school-age children living in the home | Up to $3,000 | Must provide proof of child's enrollment and residency in Georgetown County School District |
| Homestead | Primary residence homeowners over the age of 65 | Up to $50,000 | Must apply before first penalty date or by January 15th of the following year |
| Military | Active duty military personnel and their spouses | Up to $50,000 | Must provide proof of military status and residency in Georgetown County |
| Disability | Homeowners with documented physical disability | Up to $50,000 | Must provide proof of disability and residency in Georgetown County |
| Veterans | Honorably discharged wartime veterans and their spouses | Up to $25,000 | Must provide proof of military service and residency in Georgetown County |
| Agricultural | Homeowners with qualifying agricultural use of their property | 4% assessment rate | Must provide proof of agricultural use and apply by January 15th of the following year |
| Legal Residence | Legal residents of a nursing home or assisted living facility | Up to $50,000 | Must provide proof of legal residency and residency in Georgetown County nursing home or facility |
| Local Option Sales Tax | All taxpayers in Georgetown County | N/A | A 1% sales tax is imposed on all retail sales in Georgetown County, including city and unincorporated |
It's important to note that some of these exemptions and deductions have specific eligibility requirements and deadlines for application. Homeowners should review the requirements carefully and provide all necessary documentation to ensure they receive the maximum benefit available to them.
How is Georgetown County Property Tax penalty calculated ?
Georgetown County Property Tax penalties are calculated based on the amount of unpaid taxes and the length of time the taxes have been overdue. Here is an example to help illustrate how the penalty is calculated:
Let's say John owns a property in Georgetown County and his property taxes for the year were due on January 1st. John forgot to pay his taxes and they are now 90 days overdue. The total amount of taxes due is $2,000.
The penalty calculation for John's unpaid taxes would be as follows:
-
Late Payment Penalty: Georgetown County charges a 3% penalty fee for any unpaid taxes that are more than 30 days overdue. For John, this penalty fee would be 3% of $2,000, which equals $60.
-
Monthly Interest: In addition to the late payment penalty, Georgetown County also charges monthly interest on unpaid taxes. The interest rate is based on the Federal Short-Term Rate plus 3%. Let's say the Federal Short-Term Rate is 2%, then the interest rate for John's unpaid taxes would be 5%. To calculate the monthly interest, you would take the unpaid taxes ($2,000) and multiply it by the interest rate (5%), which equals $100. Then you would divide that amount by 12 (since there are 12 months in a year), which equals $8.33 per month.
Therefore, John's total penalty for his unpaid property taxes would be $60 (late payment penalty) + $25 (monthly interest for 90 days) = $85.
In summary, Georgetown County Property Tax penalties are calculated based on a 3% late payment penalty plus monthly interest based on the Federal Short-Term Rate plus 3%. It's important to pay property taxes on time to avoid these penalties and additional fees.
We recommend contacting the Georgetown County Tax Office or a local tax professional for the most up-to-date and accurate information.