Mount Croghan, South Carolina Property Taxes
The median property tax rate in Mount Croghan, SC is 0.41%, 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 Croghan, the typical annual property tax bill reaches $21, far below the national median of $2,690. Property taxes in Mount Croghan are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mount Croghan'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 Croghan or another part of Chesterfield County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mount Croghan, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$23
Ownwell’s Mount Croghan Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mount Croghan with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Mount Croghan to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. For those interested in more granular data, scrolling down reveals trends at the neighborhood level. Your property’s assessed value is determined by Chesterfield County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Mount Croghan, South Carolina
Property taxes in Mount Croghan, South Carolina, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Croghan is 0.41%, significantly lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Mount Croghan set these rates annually, and they can vary across different neighborhoods. Each year, Mount Croghan 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 Mount Croghan's effective property tax rate to other areas in Chesterfield County and the national median. For comparison, the zip code 29727 has both the highest and lowest median property tax rate of 0.41%. Understanding how these areas compare with Mount Croghan provides valuable insights into the varying tax landscape across Chesterfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Croghan Tax Rate
0.41%
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 Mount Croghan, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29727 | 0.21% | 0.40% | 0.41% | 0.41% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Mount Croghan, South Carolina
In Mount Croghan, 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 Chesterfield 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. Assessment notices in Mount Croghan 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 Mount Croghan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest tax bill is 29727 at $70, while the lowest is also 29727 at $21.
Property Tax Assessment Values Across Mount Croghan, South Carolina
Source: Ownwell
$5,000
$6,500
$8,000
Average Mount Croghan Assessed Value
$5,500
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 Mount Croghan, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29727 | $3,800 | $5,000 | $5,500 | $9,100 | $19,460 |
Source: Ownwell
Property Tax Bills Across Mount Croghan, South Carolina
In Mount Croghan, Chesterfield County, SC, property tax bills are calculated based on the assessed value of a home. This value is determined by the county assessor and is a percentage of the property's market value. The median home price in Mount Croghan is $5,500, which is significantly lower than the national median. Homeowners in this area can expect property tax bills to vary based on their home's assessed value and the local tax rate. For instance, the tax bill at the 25th percentile is around $21, while at the 75th percentile, it increases to approximately $37. Those at the 90th percentile might see tax bills as high as $70. These amounts are relatively modest compared to the national median property tax rate of 0.99%. This lower tax burden can be beneficial for homeowners, making homeownership more affordable. However, it also means that local public services funded by property taxes may receive less funding, potentially affecting their quality and availability.
Average Mount Croghan Tax Bill
$21
Average Chesterfield County Tax Bill
$26
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Croghan, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29727 | $12 | $21 | $21 | $37 | $70 |
Source: Ownwell