Saluda, South Carolina Property Taxes
The median property tax rate in Saluda, SC is 1.51%, considerably higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Saluda at $6,902, the typical annual property tax bill reaches $163, which is significantly lower than the national median of $2,690. Property taxes in Saluda are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saluda'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 Saluda or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saluda, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$104
Ownwell’s Saluda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saluda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saluda 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 Saluda, South Carolina
Property taxes in Saluda, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saluda is 1.51%, significantly higher than the U.S. national median of 0.99%. Local government entities within Saluda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saluda 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 Saluda's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29138 zip code has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Saluda provides valuable insights into the varying tax landscape across Edgefield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saluda Tax Rate
1.51%
Average Edgefield County Tax Rate
0.56%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saluda, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29138 | 1.15% | 1.29% | 1.51% | 1.74% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Saluda, South Carolina
In Saluda, 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 Edgefield 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 Saluda, 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 Saluda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Saluda is $6,902, with the highest and lowest median tax bills both recorded at $163 in the 29138 zip code.
Average Saluda Assessed Value
$6,902
Average Edgefield County Assessed Value
$82,866
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saluda, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29138 | $3,327 | $4,668 | $6,902 | $12,414 | $15,721 |
Source: Ownwell
Property Tax Bills Across Saluda, South Carolina
In Saluda, property tax bills are determined by assessing the market value of a property and then applying the local tax rate. The median home price in Saluda is approximately $6,902. Homeowners in this area can expect their property tax bills to vary, with the 25th percentile at $149 and the 75th percentile at $177. The highest median tax bill recorded is $163 in the zip code 29138. These figures are relatively low compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property value assessments and local tax rates. For homeowners, understanding these factors is crucial as they directly affect annual expenses. Lower property tax rates can make homeownership more affordable, while higher rates could impact the overall cost of living. Staying informed about how these taxes are calculated can help homeowners in Saluda manage their finances more effectively.
Average Saluda Tax Bill
$163
Average Edgefield County Tax Bill
$555
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Saluda, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29138 | $141 | $149 | $163 | $177 | $185 |
Source: Ownwell