Calhoun Falls, South Carolina Property Taxes
The median property tax rate in Calhoun Falls, SC is 0.90%, slightly below the national median of 0.99% but higher than the South Carolina state median of 0.72%. With a median home value of $19,600 in Calhoun Falls, the typical annual property tax bill is $190, significantly lower than the national median of $2,690. Property taxes in Calhoun Falls are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Calhoun Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Calhoun Falls or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Calhoun Falls, South Carolina Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Calhoun Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calhoun Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calhoun Falls 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 Calhoun Falls, South Carolina
Property taxes in Calhoun Falls, South Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Calhoun Falls is 0.54%, lower than both the South Carolina state median of 0.56% and the U.S. national median of 0.99%. Local government entities within Calhoun Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Calhoun Falls 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 Calhoun Falls' effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29628 has the highest median property tax rate of 0.54%, while the same zip code, 29628, also has the lowest median tax rate of 0.54%. Understanding how these cities compare with Calhoun Falls provides valuable insights into the varying tax landscape across Abbeville County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calhoun Falls Tax Rate
0.90%
Average Abbeville County Tax Rate
0.76%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calhoun Falls, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29628 | 0.27% | 0.52% | 0.90% | 1.81% | 2.57% |
Source: Ownwell
Property Tax Assessment Values Across Calhoun Falls, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Calhoun Falls, South Carolina. 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 Abbeville County Assessor's Office 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 Calhoun Falls, 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. For instance, the median home price here is $19,600, with property tax bills ranging from $106 at the 25th percentile to $1,095 at the 90th percentile. Both the highest and lowest median tax bills in the area are $190, located in the 29628 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Calhoun Falls, South Carolina
Source: Ownwell
$17,850
$93,350
$168,850
Average Calhoun Falls Assessed Value
$19,600
Average Abbeville County Assessed Value
$33,600
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Calhoun Falls, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29628 | $4,500 | $6,225 | $19,600 | $53,225 | $217,410 |
Source: Ownwell
Property Tax Bills Across Calhoun Falls, South Carolina
In Calhoun Falls, located in Abbeville County, SC, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate, often referred to as the millage rate, is then applied to this assessed value to determine the tax bill. For instance, with a median home price of $19,600, homeowners can expect tax bills that vary significantly. The 25th percentile tax bill is around $106, while the 75th percentile tax bill reaches $410. At the 90th percentile, homeowners may see tax bills as high as $1,095. The highest and lowest median tax bills in the area are both $190, indicating some consistency in tax rates within specific zip codes. Comparing these figures to the national median property tax rate of 0.99%, it becomes clear that property taxes in Calhoun Falls can be relatively low, offering some financial relief to homeowners in this region.
Average Calhoun Falls Tax Bill
$190
Average Abbeville County Tax Bill
$277
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Calhoun Falls, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29628 | $37 | $106 | $190 | $410 | $1,095 |
Source: Ownwell