Salley, South Carolina Property Taxes
The median property tax rate in Salley, SC is 1.21%, notably higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Salley, the typical annual property tax bill reaches $149, which is significantly lower than the national median of $2,690. Property taxes in Salley are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Salley’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 Salley 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
Salley, 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 Salley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Salley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Salley 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 Salley, South Carolina
Property taxes in Salley, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Salley is 1.21%, which is higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Salley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Salley 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 Salley's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29137 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Salley 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 Salley Tax Rate
1.21%
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 Salley, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29137 | 0.36% | 0.54% | 1.21% | 1.61% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Salley, South Carolina
In Salley, 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 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. Assessment notices in Salley 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 median home price in Salley is $13,500, with the 25th percentile tax bill at $70 and the 75th percentile at $372. The highest and lowest median tax bill, both at $149, are found in zip code 29137. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Salley Assessed Value
$13,500
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 Salley, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29137 | $2,400 | $5,045 | $13,500 | $44,694 | $113,056 |
Source: Ownwell
Property Tax Bills Across Salley, South Carolina
In Salley, located in Aiken County, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the property's market value. For instance, if the median home price is $13,500, the assessed value is a fraction of this amount, which forms the basis for the tax calculation. The property tax rate in Salley is applied to this assessed value to determine the annual tax bill. Factors such as property location, home improvements, and exemptions can influence the assessed value. Homeowners in Salley experience a range of tax bills, with the 25th percentile at $70, the 75th percentile at $372, and the 90th percentile reaching $750. These figures highlight the variability in tax burdens across different properties. Compared to the national median property tax rate of 0.99%, Salley's property tax bills can be relatively modest, providing some relief to homeowners while still funding essential community services.
Average Salley Tax Bill
$149
Average Aiken County Tax Bill
$442
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Salley, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29137 | $40 | $70 | $149 | $372 | $750 |
Source: Ownwell