Adams Run, South Carolina Property Taxes
The median property tax rate in Adams Run, SC is 0.94%, slightly below the national median of 0.99% but higher than the South Carolina state median of 0.72%. With a median home value of $80,000 in Adams Run, the typical annual property tax bill amounts to $651, which is significantly lower than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Adams Run'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 Adams Run or another part of Charleston County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Adams Run, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$752
Ownwell’s Adams Run Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adams Run with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adams Run 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 Adams Run, South Carolina
Property taxes in Adams Run, 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 Adams Run is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Adams Run set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adams Run 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 Adams Run's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29426 zip code has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these cities compare with Adams Run provides valuable insights into the varying tax landscape across Charleston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adams Run Tax Rate
0.94%
Average Charleston County Tax Rate
0.53%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adams Run, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29426 | 0.39% | 0.55% | 0.94% | 1.86% | 2.34% |
Source: Ownwell
Property Tax Assessment Values Across Adams Run, South Carolina
In Adams Run, 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 Charleston 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 Adams Run, 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 Adams Run helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median property tax bill in zip code 29426 is $651, which is significantly lower than the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Adams Run, South Carolina
Source: Ownwell
$2,700
$2,101,350
$4,200,000
Average Adams Run Assessed Value
$80,000
Average Charleston County Assessed Value
$305,700
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adams Run, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29426 | $7,100 | $25,000 | $80,000 | $150,000 | $268,740 |
Source: Ownwell
Property Tax Bills Across Adams Run, South Carolina
In Adams Run, Charleston County, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor’s office. The assessment is a percentage of the market value of the property. For instance, with a median home price of $80,000, various factors such as property size, location, and improvements are considered to establish the assessed value. Once the assessed value is determined, the local tax rate is applied to calculate the annual property tax bill. Homeowners in Adams Run face a range of tax bills. At the 25th percentile, the tax bill is around $278, while at the 75th percentile, it rises to $1,309. For those in the 90th percentile, the tax bill can reach up to $2,203. This variation significantly impacts homeowners, as those with higher-valued properties or properties in more desirable areas may face steeper tax bills. Compared to the national median property tax rate of 0.99%, the property tax scenario in Adams Run can vary widely, influencing homeowners' financial planning and budgeting.
Average Adams Run Tax Bill
$651
Average Charleston County Tax Bill
$1,751
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Adams Run, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29426 | $141 | $278 | $651 | $1,309 | $2,203 |
Source: Ownwell