Saint Stephen, South Carolina Property Taxes
The median property tax rate in Saint Stephen, SC is 0.60%, 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 Saint Stephen, the typical annual property tax bill reaches $740, significantly below the national median of $2,690. Property taxes in Saint Stephen 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 Saint Stephen'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 Saint Stephen 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
Saint Stephen, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$647
Ownwell’s Saint Stephen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Stephen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Stephen 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 Saint Stephen, South Carolina
Property taxes in Saint Stephen, 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 Saint Stephen is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Stephen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Stephen 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 Saint Stephen's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29479 has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these areas compare with Saint Stephen provides valuable insights into the varying tax landscape across Berkeley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Stephen Tax Rate
0.60%
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 Saint Stephen, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29479 | 0.37% | 0.44% | 0.60% | 1.67% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Saint Stephen, South Carolina
In Saint Stephen, 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 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 Saint Stephen, 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 Saint Stephen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $740 in zip code 29479, reflecting a consistent tax landscape within the area.
Property Tax Assessment Values Across Saint Stephen, South Carolina
Source: Ownwell
$96,200
$2,413,900
$4,731,600
Average Saint Stephen Assessed Value
$107,750
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 Saint Stephen, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29479 | $41,600 | $71,325 | $107,750 | $168,100 | $234,880 |
Source: Ownwell
Property Tax Bills Across Saint Stephen, South Carolina
In Saint Stephen, Berkeley 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 market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For instance, the median home price in Saint Stephen is $107,750, and the property tax rate is applied to this value to calculate the bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Saint Stephen can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $494, while at the 75th percentile, they can reach $1,228, and at the 90th percentile, they may go as high as $2,096. These variations affect homeowners' financial planning and budgeting, making it essential to understand how property taxes are determined and what relief options may be available.
Average Saint Stephen Tax Bill
$740
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 Saint Stephen, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29479 | $336 | $494 | $740 | $1,228 | $2,096 |
Source: Ownwell