Mc Clellanville, South Carolina Property Taxes
The median property tax rate in McClellanville, SC is 0.80%, slightly below the national median of 0.99% but higher than the South Carolina state median of 0.72%. With the median home value in McClellanville at $105,000, the typical annual property tax bill amounts to $867, which is significantly lower than the national median of $2,690. Property taxes in McClellanville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural land. Navigating McClellanville'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 McClellanville or another part of Charleston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mc Clellanville, 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 McClellanville Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in McClellanville with ease. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in McClellanville to provide an accurate estimate of your property tax bill. This tool offers clear insights into your potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Charleston County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Mc Clellanville, South Carolina
Property taxes in McClellanville, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McClellanville is 0.80%, lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within McClellanville set these rates annually, and they can vary significantly across different neighborhoods. Each year, McClellanville 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 McClellanville's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29458 zip code has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these cities compare with McClellanville 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 Mc Clellanville Tax Rate
0.80%
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 Mc Clellanville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29458 | 0.36% | 0.42% | 0.80% | 1.62% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Mc Clellanville, South Carolina
In McClellanville, 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's Office 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 McClellanville, 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 McClellanville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 29458, with a median tax bill of $867.
Property Tax Assessment Values Across Mc Clellanville, South Carolina
Source: Ownwell
$2,700
$2,101,350
$4,200,000
Average Mc Clellanville Assessed Value
$105,000
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 Mc Clellanville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29458 | $8,850 | $33,000 | $105,000 | $300,180 | $523,000 |
Source: Ownwell
Property Tax Bills Across Mc Clellanville, South Carolina
In McClellanville, Charleston County, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in McClellanville can expect a range of property tax bills, influenced by the median home price of $105,000 in the area. The tax bill for the 25th percentile is $341, while the 75th percentile sees bills around $1,667. For those in the 90th percentile, property taxes can climb to $3,154. The highest and lowest median tax bills in the area are both $867, indicating some consistency in the tax rates applied. These taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, McClellanville's rates can vary but generally reflect the local economic conditions and property values.
Average Mc Clellanville Tax Bill
$867
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 Mc Clellanville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29458 | $161 | $341 | $867 | $1,667 | $3,154 |
Source: Ownwell