Mount Pleasant, South Carolina Property Taxes
The median property tax rate in Mount Pleasant, SC is 0.38%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Mount Pleasant at $440,000, the typical annual property tax bill amounts to $2,001, which is below the national median of $2,690. Property taxes in Mount Pleasant are calculated based on the tax assessed value, generally lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Mount Pleasant'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 Mount Pleasant or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mount Pleasant, 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 Mount Pleasant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Pleasant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Pleasant 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 Mount Pleasant, South Carolina
Property taxes in Mount Pleasant, South Carolina, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Mount Pleasant is 0.38%, which is notably lower than the U.S. national median of 0.99%. Local government entities in Mount Pleasant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Pleasant 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 for setting property tax rates. Understanding how these rates are determined helps homeowners gain a clearer picture of their property tax obligations relative to other areas. For comparison, the highest median property tax rate in Charleston County is significantly higher than Mount Pleasant's rate, while the lowest median tax rate in the county is also higher than Mount Pleasant's rate. This comparison provides valuable insights into the varying tax landscape across Charleston County, helping homeowners understand their property tax obligations in relation to neighboring areas.
Average Mount Pleasant Tax Rate
0.38%
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 Mount Pleasant, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29429 | 0.35% | 0.37% | 0.39% | 0.40% | 0.67% |
| 29464 | 0.28% | 0.33% | 0.37% | 0.65% | 1.46% |
| 29466 | 0.34% | 0.36% | 0.39% | 0.54% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Mount Pleasant, South Carolina
In Mount Pleasant, 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. Assessment notices in Mount Pleasant 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. The median home price in Mount Pleasant is $440,000, with tax bills ranging from $1,384 at the 25th percentile to $5,446 at the 90th percentile. The highest median tax bill is found in zip code 29464 at $2,110, while the lowest is in zip code 29429 at $1,650. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mount Pleasant, South Carolina
Source: Ownwell
$2,700
$2,101,350
$4,200,000
Average Mount Pleasant Assessed Value
$440,000
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 Mount Pleasant, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29429 | $353,000 | $376,575 | $414,550 | $440,550 | $484,790 |
| 29464 | $221,000 | $325,649 | $467,200 | $683,024 | $1,039,650 |
| 29466 | $196,600 | $318,000 | $416,000 | $567,150 | $766,680 |
Source: Ownwell
Property Tax Bills Across Mount Pleasant, South Carolina
In Mount Pleasant, located in Charleston County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate, also known as the millage rate, is then applied to this assessed value to determine the tax bill. Several factors influence the final tax amount, including property size, location, and any applicable exemptions or deductions. For homeowners in Mount Pleasant, the median home price is $440,000. Property taxes can vary widely; the 25th percentile tax bill is $1,384, while the 75th percentile reaches $3,178. At the 90th percentile, homeowners may see bills as high as $5,446. The highest median tax bill in the area is $2,110 in the 29464 zip code, whereas the lowest is $1,650 in the 29429 zip code. These property tax rates directly impact homeowners' annual expenses, making it essential for them to understand how their tax bills are determined and what factors could lead to higher or lower payments.
Average Mount Pleasant Tax Bill
$2,001
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 Mount Pleasant, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29429 | $1,313 | $1,471 | $1,650 | $1,924 | $5,228 |
| 29464 | $980 | $1,362 | $2,110 | $3,496 | $5,986 |
| 29466 | $1,017 | $1,397 | $1,909 | $2,869 | $4,809 |
Source: Ownwell