Chesterfield County Property Taxes
The median property tax rate in Chesterfield County is 0.41%, which is 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 Chesterfield County, the typical annual property tax bill reaches $26, which is substantially below the national median of $2,690. Property taxes in Chesterfield County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Chesterfield County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Chesterfield or another part of Chesterfield County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chesterfield County 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 Chesterfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Chesterfield with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Chesterfield to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Chesterfield County, South Carolina
Property taxes in Chesterfield County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Chesterfield County is 0.41%, which is lower than the U.S. national median of 0.99%. Local government entities within Chesterfield County set these rates annually, and they can vary significantly between different areas within the county. Each year, Chesterfield County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Chesterfield County's effective property tax rate with other counties in South Carolina and the national median. For comparison, the city of Chesterfield has one of the higher property tax rates in South Carolina at 0.84%, while the city of Jefferson boasts one of the lowest at 0.41%. Analyzing how Chesterfield County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Chesterfield County Tax Rate
0.41%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chesterfield County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bethune | 0.36% | 0.47% | 0.47% | 0.47% | 0.48% |
| Cheraw | 0.33% | 0.41% | 0.42% | 0.51% | 0.76% |
| Chesterfield | 0.32% | 0.41% | 0.84% | 1.71% | 1.71% |
| Hartsville | 0.21% | 0.41% | 0.47% | 0.47% | 0.47% |
| Jefferson | 0.15% | 0.34% | 0.41% | 0.41% | 0.42% |
| Mc Bee | 0.23% | 0.42% | 0.47% | 0.47% | 0.53% |
| Mount Croghan | 0.21% | 0.40% | 0.41% | 0.41% | 0.42% |
| Pageland | 0.22% | 0.38% | 0.41% | 0.44% | 0.54% |
| Patrick | 0.14% | 0.34% | 0.41% | 0.41% | 0.41% |
| Ruby | 0.15% | 0.34% | 0.41% | 0.41% | 0.42% |
| Society Hill | 0.12% | 0.34% | 0.47% | 0.47% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Chesterfield County, South Carolina
In Chesterfield, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Chesterfield Appraisal District. The assessed value, however, 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 Chesterfield are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The tax bills in Chesterfield vary significantly, with the 25th percentile at $21 and the 75th percentile at $52. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Chesterfield will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Chesterfield County, South Carolina
Source: Ownwell
$5,000
$6,500
$8,000
Average Chesterfield County Assessed Value
$6,000
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chesterfield County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bethune | $5,000 | $5,000 | $5,000 | $7,000 | $39,840 |
| Cheraw | $3,150 | $5,000 | $6,000 | $9,000 | $36,470 |
| Chesterfield | $5,000 | $5,000 | $5,100 | $11,000 | $22,320 |
| Hartsville | $5,000 | $5,000 | $6,600 | $12,900 | $25,000 |
| Jefferson | $3,500 | $5,000 | $6,100 | $10,500 | $36,340 |
| Mc Bee | $4,000 | $5,000 | $5,000 | $6,500 | $12,000 |
| Mount Croghan | $3,800 | $5,000 | $5,500 | $9,100 | $19,460 |
| Pageland | $3,500 | $5,000 | $5,400 | $10,500 | $25,750 |
| Patrick | $5,000 | $5,000 | $6,000 | $14,775 | $39,950 |
| Ruby | $3,440 | $5,000 | $5,000 | $11,850 | $38,420 |
| Society Hill | $5,000 | $5,000 | $8,000 | $18,000 | $35,140 |
Source: Ownwell
Property Tax Bills Across Chesterfield County, South Carolina
In Chesterfield County, SC, property tax bills are calculated based on the assessed value of a property, which is derived from its market value. The local tax rate, or millage rate, is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, potentially raising or lowering the tax burden for homeowners. For example, with a median home price of $6,000, Chesterfield homeowners face varying tax bills. At the 25th percentile, the tax bill is around $21, while at the 75th percentile, it increases to $52. For those at the 90th percentile, the tax bill can reach up to $103. Compared to the national median property tax rate of 0.99%, Chesterfield's rates are relatively low, offering some financial relief to homeowners. However, even small fluctuations in assessed value or millage rates can significantly impact annual tax obligations, making it crucial for property owners to stay informed about local tax policies.
Average Chesterfield County Tax Bill
$26
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Chesterfield County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bethune | $18 | $24 | $24 | $38 | $230 |
| Cheraw | $11 | $21 | $26 | $41 | $120 |
| Chesterfield | $21 | $37 | $83 | $88 | $118 |
| Hartsville | $15 | $24 | $28 | $48 | $118 |
| Jefferson | $12 | $18 | $25 | $37 | $87 |
| Mc Bee | $13 | $21 | $24 | $32 | $55 |
| Mount Croghan | $12 | $21 | $21 | $37 | $70 |
| Pageland | $10 | $18 | $21 | $41 | $110 |
| Patrick | $18 | $21 | $25 | $35 | $83 |
| Ruby | $10 | $18 | $21 | $38 | $82 |
| Society Hill | $22 | $24 | $35 | $56 | $90 |
Source: Ownwell