Spartanburg, North Carolina Property Taxes
The median property tax rate in Spartanburg, NC is 0.89%, slightly below the national median of 0.99% but above the North Carolina state median of 0.82%. With the median home value in Spartanburg at $86,417, the typical annual property tax bill amounts to $765, which is significantly lower than the national median of $2,690. Property taxes in Spartanburg are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Spartanburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Spartanburg or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Spartanburg, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$769
Ownwell’s Spartanburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Spartanburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Spartanburg to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Spartanburg, North Carolina
Property taxes in Spartanburg, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spartanburg is 0.89%, slightly lower than the U.S. national median of 0.99%. Local government entities within Spartanburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spartanburg estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Spartanburg's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 29307 has the highest median property tax rate of 0.89%, while the same zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Spartanburg provides valuable insights into the varying tax landscape across Bladen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Spartanburg Tax Rate
0.89%
Average Bladen County Tax Rate
0.84%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spartanburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29307 | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Spartanburg, North Carolina
In Spartanburg, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Bladen County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Spartanburg, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Spartanburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 29307, with a median tax bill of $765.
Property Tax Assessment Values Across Spartanburg, North Carolina
Source: Ownwell
$41,082
$97,728
$154,373
Average Spartanburg Assessed Value
$86,417
Average Bladen County Assessed Value
$73,187
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Spartanburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29307 | $86,417 | $86,417 | $86,417 | $86,417 | $86,417 |
Source: Ownwell
Property Tax Bills Across Spartanburg, North Carolina
In Spartanburg, located in Bladen County, NC, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, determined by the county assessor. For homeowners in Spartanburg, the median home price stands at $86,417. The tax bill is influenced by factors such as property size, location, and improvements made to the property. In Spartanburg, the tax bill remains consistent across different percentiles, with the 25th, 75th, and 90th percentiles all at $765. This figure is relatively modest compared to the national median property tax rate of 0.99%. For homeowners, this means that property taxes are a predictable and manageable part of their annual expenses. The highest and lowest median tax bills in the area are both $765, indicating a uniform tax rate within the zip code 29307. This consistency offers financial stability for residents, allowing them to plan their budgets more effectively.
Average Spartanburg Tax Bill
$765
Average Bladen County Tax Bill
$591
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Spartanburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29307 | $765 | $765 | $765 | $765 | $765 |
Source: Ownwell