Goose Creek, South Carolina Property Taxes
The median property tax rate in Goose Creek, SC is 0.57%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $192,000 in Goose Creek, the typical annual property tax bill is around $1,214, well below the national median of $2,690. Property taxes in Goose Creek are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Goose Creek's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Goose Creek or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Goose Creek, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$1,094
Ownwell’s Goose Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goose Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goose Creek 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 Goose Creek, South Carolina
Property taxes in Goose Creek, 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 Goose Creek is 0.57%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Goose Creek set these rates annually, and they can vary across different neighborhoods. Each year, Goose Creek 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 Goose Creek's effective property tax rate to other areas in South Carolina and the national median. For comparison, the zip code 29445 has both the highest and lowest median property tax rate of 0.57%, illustrating a consistent tax landscape within Goose Creek. Understanding how these rates compare with the national median provides valuable insights into the varying tax landscape across Berkeley County, helping homeowners gain a clearer picture of their property tax obligations relative to other regions.
Average Goose Creek Tax Rate
0.57%
Average Berkeley County Tax Rate
0.55%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goose Creek, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29445 | 0.41% | 0.49% | 0.57% | 1.03% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Goose Creek, South Carolina
In Goose Creek, 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 Berkeley 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 Goose Creek, 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 Goose Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Goose Creek both stand at $1,214, with the zip code 29445. The median home price in the area is $192,000, with tax bills ranging from $879 at the 25th percentile to $3,328 at the 90th percentile.
Property Tax Assessment Values Across Goose Creek, South Carolina
Source: Ownwell
$96,200
$2,413,900
$4,731,600
Average Goose Creek Assessed Value
$192,000
Average Berkeley County Assessed Value
$231,300
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goose Creek, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29445 | $122,600 | $152,150 | $192,000 | $249,000 | $307,900 |
Source: Ownwell
Property Tax Bills Across Goose Creek, South Carolina
In Goose Creek, located in Berkeley County, SC, property tax bills are determined by a combination of the assessed value of the property and the applicable tax rate. The assessed value is typically a percentage of the market value of the home, which in Goose Creek is influenced by factors such as location, property size, and home condition. Homeowners in this area see a median home price of $192,000. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. In Goose Creek, property tax bills can vary significantly. For instance, at the 25th percentile, homeowners might pay around $879, while those at the 75th percentile could see bills as high as $1,791. At the 90th percentile, tax bills can reach up to $3,328. This variation in tax bills affects homeowners differently, with some facing higher financial burdens based on their property's assessed value. Comparatively, the highest median tax bill in the area is $1,214, which is influenced by specific factors unique to the local real estate market.
Average Goose Creek Tax Bill
$1,214
Average Berkeley County Tax Bill
$1,364
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Goose Creek, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29445 | $600 | $879 | $1,214 | $1,791 | $3,328 |
Source: Ownwell