Central, South Carolina Property Taxes
The median property tax rate in CENTRAL, SC is 0.58%, considerably lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in CENTRAL, the typical annual property tax bill reaches $820, significantly less than the national median of $2,690. Property taxes in CENTRAL 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 CENTRAL'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 CENTRAL 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
Central, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$788
Ownwell’s CENTRAL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CENTRAL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CENTRAL 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 Central, South Carolina
Property taxes in CENTRAL, 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 CENTRAL is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within CENTRAL set these rates annually, and they can vary significantly across different neighborhoods. Each year, CENTRAL 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 CENTRAL's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29630 has both the highest and lowest median property tax rate of 0.58%. Understanding how these cities compare with CENTRAL provides valuable insights into the varying tax landscape across Anderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Central Tax Rate
0.58%
Average Anderson County Tax Rate
0.55%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Central, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29630 | 0.16% | 0.37% | 0.58% | 1.00% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Central, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Central, 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 Anderson 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 Central, 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 Central helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Central, the median home price is $135,880, with the highest median tax bill in zip code 29630 at $820.00.
Average Central Assessed Value
$135,880
Average Anderson County Assessed Value
$138,430
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Central, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29630 | $26,560 | $60,245 | $135,880 | $220,140 | $346,950 |
Source: Ownwell
Property Tax Bills Across Central, South Carolina
In CENTRAL, located in Anderson County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in CENTRAL is $135,880. Local tax authorities then apply the tax rate to this assessed value to determine the annual tax bill. Various factors, such as property improvements and neighborhood changes, can influence the assessed value over time. For homeowners in CENTRAL, the property tax bill can vary significantly. At the 25th percentile, tax bills are around $423, while at the 75th percentile, they reach approximately $1,412. For those at the 90th percentile, bills can be as high as $2,292. Comparatively, the national median property tax rate is 0.99%, which helps provide context for understanding how local rates might differ. The highest and lowest median tax bills in the area are both recorded at $820 in the 29630 ZIP code, indicating some consistency within that specific region. These tax bills directly affect homeowners' annual budgets and can influence decisions about property ownership and investment.
Average Central Tax Bill
$820
Average Anderson County Tax Bill
$929
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Central, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29630 | $135 | $423 | $820 | $1,412 | $2,292 |
Source: Ownwell