Easley, South Carolina Property Taxes
The median property tax rate in Easley, SC is 0.50%, 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 Easley at $254,910, the typical annual property tax bill amounts to $1,354, well below the national median of $2,690. Property taxes in Easley are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Easley'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 Easley 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
Easley, 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 Easley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Easley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Easley 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 Easley, South Carolina
Property taxes in Easley, 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 Easley is 0.50%, which is lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Easley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Easley 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 Easley's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29642 zip code has the highest median property tax rate of 0.50%, while the same zip code also has the lowest median tax rate of 0.50%. Understanding how these areas compare with Easley 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 Easley Tax Rate
0.50%
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 Easley, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29642 | 0.35% | 0.46% | 0.50% | 0.55% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Easley, South Carolina
In Easley, 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 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 Easley, 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 Easley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 29642 has both the highest and lowest median tax bills, each amounting to $1,354.
Average Easley Assessed Value
$254,910
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 Easley, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29642 | $51,574 | $181,965 | $254,910 | $345,860 | $441,024 |
Source: Ownwell
Property Tax Bills Across Easley, South Carolina
Property tax bills in Easley, located in Anderson County, SC, are calculated based on the assessed value of a property. This assessed value is determined by the county assessor and is typically a percentage of the property's market value. Factors such as property size, location, and improvements play a significant role in determining this value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For Easley homeowners, the property tax rate is an essential factor. With the national median property tax rate at 0.99%, Easley’s rates can vary but remain competitive. For instance, homeowners in the 25th percentile can expect a tax bill around $909, while those in the 75th percentile might see a bill closer to $1908. At the 90th percentile, tax bills can reach up to $2698. The highest and lowest median tax bill in the area is $1354, specifically in zip code 29642. These tax obligations significantly impact homeowners' annual budgets, making it crucial to understand how these values are determined.
Average Easley Tax Bill
$1,354
Average Anderson County Tax Bill
$929
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Easley, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29642 | $436 | $909 | $1,354 | $1,908 | $2,698 |
Source: Ownwell