Due West, South Carolina Property Taxes
The median property tax rate in Due West, SC is 0.56%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $55,325 in Due West, the typical annual property tax bill amounts to $366, far below the national median of $2,690. Property taxes in Due West are calculated based on the assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Due West's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Due West or another part of Abbeville County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Due West, 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 Due West Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Due West with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Due West 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 Due West, South Carolina
Property taxes in Due West, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Due West is 0.56%, significantly lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Due West set these rates annually, and they can vary across different neighborhoods. Each year, Due West 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 Due West's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29639 has both the highest and lowest median property tax rate of 0.56%. Understanding how these areas compare with Due West 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 Due West Tax Rate
0.56%
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 Due West, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29639 | 0.20% | 0.37% | 0.56% | 1.31% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Due West, South Carolina
In Due West, 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 Assessor 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 Due West, 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 Due West helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 29639 has the highest and lowest median tax bills at $366.
Average Due West Assessed Value
$55,325
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 Due West, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29639 | $9,000 | $16,325 | $55,325 | $219,725 | $369,625 |
Source: Ownwell
Property Tax Bills Across Due West, South Carolina
Property tax bills in Due West, Abbeville County, South Carolina, are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in Due West see a range of property tax bills depending on their property's assessed value and the local tax rate. The median home price in Due West is $55,325, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $154, while the 75th percentile tax bill is $1,027, and the 90th percentile tax bill reaches up to $1,647. The highest median tax bill in the area is $366, found in the 29639 zip code. These figures highlight the variability in property tax bills within the region. Compared to the national median property tax rate of 0.99%, homeowners in Due West may experience a range of tax burdens, influencing their overall cost of homeownership and financial planning.
Average Due West Tax Bill
$366
Average Abbeville County Tax Bill
$277
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Due West, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29639 | $97 | $154 | $366 | $1,027 | $1,647 |
Source: Ownwell