North Augusta, South Carolina Property Taxes
The median property tax rate in North Augusta, SC is 1.80%, considerably higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in North Augusta, the typical annual property tax bill reaches $2,752, exceeding the national median of $2,690. Property taxes in North Augusta 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 North Augusta'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 North Augusta 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
North Augusta, 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 North Augusta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Augusta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Augusta 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 North Augusta, South Carolina
Property taxes in North Augusta, South Carolina, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in North Augusta is 1.80%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within North Augusta set these rates annually, and they can vary across different neighborhoods. Each year, North Augusta 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 North Augusta's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29841 zip code has the highest median property tax rate of 1.80%, while the same zip code also has the lowest median tax rate of 1.80%. Understanding how these cities compare with North Augusta provides valuable insights into the varying tax landscape across Beaufort County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Augusta Tax Rate
1.80%
Average Beaufort County Tax Rate
0.82%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Augusta, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29841 | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across North Augusta, South Carolina
In North Augusta, 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 Beaufort 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 North Augusta, 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 North Augusta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills, both amounting to $2,752, are found in the 29841 zip code.
Property Tax Assessment Values Across North Augusta, South Carolina
Source: Ownwell
$24,200
$838,625
$1,653,050
Average North Augusta Assessed Value
$153,000
Average Beaufort County Assessed Value
$278,200
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Augusta, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29841 | $153,000 | $153,000 | $153,000 | $153,000 | $153,000 |
Source: Ownwell
Property Tax Bills Across North Augusta, South Carolina
In North Augusta, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the amount you owe. Several factors influence your tax bill, including the market value of your property, the assessed value ratio set by the county, and any applicable exemptions or deductions. For homeowners in North Augusta, the median home price is $153,000. The property tax bill for the 25th, 75th, and 90th percentiles is notably consistent at $2,752. This consistency is unusual when compared to national trends, where property tax bills often vary significantly within a region. The highest and lowest median tax bills in the area are also $2,752, specifically in the 29841 zip code. Understanding these factors is crucial for homeowners, as property taxes can significantly impact annual expenses. Knowing how your tax bill is determined allows you to plan better and take advantage of any available exemptions.
Average North Augusta Tax Bill
$2,752
Average Beaufort County Tax Bill
$2,400
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across North Augusta, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29841 | $2,752 | $2,752 | $2,752 | $2,752 | $2,752 |
Source: Ownwell