Donalds, South Carolina Property Taxes
The median property tax rate in Donalds, SC is 0.61%, notably lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Donalds at $44,000, the typical annual property tax bill amounts to $306, significantly below the national median of $2,690. Property taxes in Donalds are determined based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Gaining a thorough understanding of Donalds' property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Donalds or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Donalds, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$268
Ownwell’s Donalds Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Donalds with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Donalds to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Donalds, South Carolina
Property taxes in Donalds, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Donalds is 0.61%, significantly lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Donalds set these rates annually, and they can vary significantly across different neighborhoods. Each year, Donalds 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 Donalds' effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29638 has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these areas compare with Donalds 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 Donalds Tax Rate
0.61%
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 Donalds, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29638 | 0.22% | 0.37% | 0.61% | 1.39% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Donalds, South Carolina
In Donalds, South 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 Abbeville 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 Donalds, 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. The highest median tax bill in Donalds is $306, and the lowest is also $306, both in the 29638 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Donalds Assessed Value
$44,000
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 Donalds, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29638 | $9,000 | $18,038 | $44,000 | $151,538 | $282,590 |
Source: Ownwell
Property Tax Bills Across Donalds, South Carolina
In Donalds, located in Abbeville County, SC, property tax bills are calculated based on the assessed value of a property. The assessed value is typically a percentage of the market value determined by the county assessor. Factors such as property size, location, and improvements can influence this assessed value. Once the assessed value is established, local tax rates are applied to calculate the annual tax bill. For instance, the median home price in Donalds is $44,000, and property tax bills can vary significantly. Homeowners at the 25th percentile can expect a tax bill around $141, while those at the 75th percentile might see bills as high as $740. The 90th percentile tax bill can reach up to $1,393. Comparatively, the national median property tax rate is 0.99%, making Donalds an affordable place for property owners. Understanding these factors helps homeowners anticipate their tax liabilities and manage their finances more effectively.
Average Donalds Tax Bill
$306
Average Abbeville County Tax Bill
$277
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Donalds, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29638 | $84 | $141 | $306 | $740 | $1,393 |
Source: Ownwell