Aiken, South Carolina Property Taxes
The median property tax rate in Aiken, SC is 0.47%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Aiken at $111,705, the typical annual property tax bill is $578, well below the national median of $2,690. Property taxes in Aiken are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Aiken'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 Aiken 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
Aiken, 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 Aiken Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aiken with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aiken 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 Aiken, South Carolina
Property taxes in Aiken, 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 Aiken is 0.47%, which is lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Aiken set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aiken 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 Aiken's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29809 zip code has the highest median property tax rate of 2.51%, while the 29803 zip code has the lowest median tax rate of 0.42%. Understanding how these cities compare with Aiken provides valuable insights into the varying tax landscape across Aiken County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aiken Tax Rate
0.47%
Average Aiken County Tax Rate
0.59%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aiken, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29801 | 0.24% | 0.39% | 0.69% | 1.39% | 1.49% |
| 29803 | 0.29% | 0.37% | 0.42% | 1.39% | 1.66% |
| 29805 | 0.32% | 0.43% | 0.80% | 1.47% | 1.83% |
| 29809 | 2.46% | 2.48% | 2.51% | 2.55% | 2.57% |
| 29831 | 1.45% | 1.46% | 1.46% | 1.47% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Aiken, South Carolina
In Aiken, 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 Aiken County Tax 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 Aiken, 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 example, the highest median tax bill in Aiken is $729 in zip code 29803, while the lowest is $103 in zip code 29831. 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 Aiken helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Aiken Assessed Value
$111,705
Average Aiken County Assessed Value
$71,607
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aiken, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29801 | $5,503 | $14,448 | $66,456 | $163,961 | $265,207 |
| 29803 | $6,827 | $38,000 | $161,136 | $258,029 | $379,389 |
| 29805 | $5,076 | $10,500 | $31,085 | $138,357 | $238,007 |
| 29809 | $7,303 | $7,756 | $8,513 | $9,270 | $9,723 |
| 29831 | $6,864 | $6,900 | $6,960 | $7,020 | $7,056 |
Source: Ownwell
Property Tax Bills Across Aiken, South Carolina
In Aiken, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the property. For homeowners in Aiken County, the median home price is $111,705. Property tax rates are then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the property's location within different zip codes. For instance, the highest median tax bill in Aiken is $729 in the 29803 zip code, while the lowest is $103 in the 29831 zip code. Additionally, tax bills can vary significantly, with the 25th percentile at $184 and the 75th percentile at $1,072, reaching up to $1,809 at the 90th percentile. These property taxes can impact homeowners by affecting their annual expenses and potentially influencing their decisions on buying or selling property. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Aiken Tax Bill
$578
Average Aiken County Tax Bill
$442
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Aiken, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29801 | $58 | $124 | $409 | $861 | $1,592 |
| 29803 | $112 | $306 | $729 | $1,250 | $1,951 |
| 29805 | $61 | $110 | $273 | $732 | $1,383 |
| 29809 | $187 | $197 | $213 | $229 | $239 |
| 29831 | $100 | $101 | $103 | $103 | $103 |
Source: Ownwell