Marlboro County Property Tax Rates
The following table presents the property tax rates for Marlboro County in the US, expressed in dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $0.66 |
| Municipal Tax | $0.00 |
| School Tax | $0.87 |
| Other Special Districts | $0.00 |
| Total Tax | $1.53 |
It is important to note that these rates may vary based on individual property assessments and other factors, and property owners should consult with a tax professional for personalized guidance. However, this table provides a helpful overview of the current property tax rates in Marlboro County.
Example of Marlboro County Property Tax Calculation
Marlboro County calculates property taxes based on the value of the property. To determine the tax amount, the county uses a millage rate, which is a percentage applied to the assessed value of the property.
For example, if a property in Marlboro County is valued at $100,000 and the millage rate is 100, the property tax would be $1,000.
To calculate the millage rate, the county first determines the total amount of revenue needed to fund government services and infrastructure. This amount is then divided by the total taxable value of all properties in the county. The resulting figure is the millage rate that is applied to each property.
It is important to note that property owners may be eligible for exemptions or reductions in their property taxes based on factors such as age or disability. Property owners can contact the Marlboro County tax assessor's office to learn more about these options.
In summary, Marlboro County uses a millage rate to calculate property taxes based on the assessed value of the property. Property owners may be eligible for exemptions or reductions in their tax bills.
If you want appeal your property tax assessment - contact your local tax assessor.
Who sets property tax rates in Marlboro County ?
Who sets property tax rates in Marlboro County?
The Marlboro County Council is responsible for setting property tax rates in Marlboro County. The council is made up of elected officials who represent the county and are responsible for making decisions that impact the community.
When are property tax rates set in Marlboro County?
Property tax rates are typically set annually by the Marlboro County Council during budget planning sessions. The exact timing of these sessions may vary from year to year, but they generally occur during the spring or early summer months.
It is important to note that property tax rates can be impacted by a variety of factors, including changes in property values, shifts in local demographics, and changes in state or federal tax laws. As such, property owners in Marlboro County should be aware of these factors and stay informed about any potential changes to property tax rates.
Homestead exemptions in Marlboro County ?
In Marlboro County, South Carolina, there are various Homestead exemptions and deductions available for eligible homeowners. The following table outlines the different exemptions, eligibility requirements, amount of deduction, and any additional notes for each:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Residents who are 65 years or older, or totally and permanently disabled | Up to $50,000 | Exemption only applies to primary residence |
| Military Exemption | Active duty military or surviving spouse | Up to $50,000 | Exemption only applies to primary residence |
| School Operating Millage | Residents who are 65 years or older, or totally and permanently disabled | Up to $100,000 | Exemption applies to school operating millage only |
| Local Option Sales Tax | Residents who are 65 years or older, or totally and permanently disabled | Up to $50,000 | Exemption applies to local option sales tax only |
| School Bond Referendum | Residents who are 65 years or older, or totally and permanently disabled | Up to $50,000 | Exemption applies to school bond referendums only |
It's important to note that eligibility requirements and exemption amounts may vary depending on the specific county in South Carolina. Homeowners should consult with their local tax assessor's office for more information on available exemptions and deductions.
How is Marlboro County Property Tax penalty calculated ?
Marlboro County Property Tax Penalty Calculation
When a property owner fails to pay their property tax on time, they become liable for a penalty. Marlboro County calculates the property tax penalty at a rate of 3% per annum. The penalty starts accruing on the day the property tax was due, which is January 15th of each year.
Example:
Let's say John owns a property in Marlboro County and his property tax is due on January 15, 2021. John fails to pay his property tax by the due date and incurs a penalty. The penalty is calculated as follows:
- John's property tax amount is $1,000.00.
- The penalty rate is 3% per annum.
- John's property tax is 30 days late.
- The penalty is calculated as follows: ($1,000.00 x 3% / 365) x 30 = $2.47
- John's total tax, including the penalty, is now $1,002.47.
In conclusion, Marlboro County levies a 3% per annum penalty on late property tax payments. Property owners are encouraged to pay their taxes on time to avoid incurring any penalty charges.
When is Marlboro County Property Tax due ?
Marlboro County Property Tax is typically due on January 15th of each year. Here are some important things to know about paying property taxes in Marlboro County:
Payment Methods:
There are several ways to pay your Marlboro County Property Tax:
| Payment Method | Description |
|---|---|
| By Mail | You can send a check or money order to the Marlboro County Treasurer's Office. Be sure to include your property's tax ID number on the memo line of your payment. |
| In Person | You can pay your property taxes in person at the Marlboro County Treasurer's Office located at 105 Main Street, Bennettsville, SC 29512. |
| Online | You can pay your property taxes online using a debit card, credit card or electronic check. Visit https://www.marlborocountysc.org/ for more information. |
Late Payment:
If your property taxes are not paid by January 15th, a penalty of 3% will be added to your total amount owed. Interest will also accrue at a rate of 1% per month until the taxes are paid in full.
Conclusion:
Property tax payment is an important responsibility for homeowners in Marlboro County. Mark your calendar for January 15th and consider the payment methods that work best for you. If you have any questions or concerns, don't hesitate to reach out to the Marlboro County Treasurer's Office for assistance.
If you have more questions - contact your local tax collector.
We recommend contacting the Marlboro County Tax Office or a local tax professional for the most up-to-date and accurate information.