Campobello, South Carolina Property Taxes
The median property tax rate in Campobello, SC is 0.66%, notably lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $239,380, the typical annual property tax bill in Campobello amounts to $1,629, which is significantly less than the national median of $2,690. Property taxes in Campobello are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Campobello'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 Campobello or another part of Greenville County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Campobello, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,580
Ownwell’s Campobello Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Campobello with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Campobello 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 Campobello, South Carolina
Property taxes in Campobello, South Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Campobello is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Campobello set these rates annually, and they can vary across different neighborhoods. Each year, Campobello 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 Campobello's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29322 has the highest median property tax rate of 0.66%, while the lowest median tax rate is also 0.66%. Understanding how these areas compare with Campobello provides valuable insights into the varying tax landscape across Greenville County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Campobello Tax Rate
0.66%
Average Greenville County Tax Rate
0.80%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Campobello, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29322 | 0.44% | 0.58% | 0.66% | 0.73% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across Campobello, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Campobello, South Carolina. 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 Greenville 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. In Campobello, 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 Campobello helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,629 in the 29322 zip code, while the lowest is also $1,629 in the same zip code, indicating a consistent tax landscape.
Property Tax Assessment Values Across Campobello, South Carolina
Source: Ownwell
$55,400
$147,390
$239,380
Average Campobello Assessed Value
$239,380
Average Greenville County Assessed Value
$178,730
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Campobello, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29322 | $82,112 | $172,770 | $239,380 | $287,085 | $351,632 |
Source: Ownwell
Property Tax Bills Across Campobello, South Carolina
In Campobello, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $239,380, homeowners can expect tax bills to vary significantly. The 25th percentile tax bill is around $1,136, while those in the 75th percentile pay approximately $2,170. At the higher end, the 90th percentile tax bill reaches up to $2,759. These figures illustrate how property taxes can impact homeowners differently based on their property's assessed value and the local tax rate. Compared to the national median property tax rate of 0.99%, homeowners in Campobello experience a range of tax bills that reflect the diverse property values in the area. Understanding these factors helps homeowners anticipate their annual tax obligations and plan accordingly.
Average Campobello Tax Bill
$1,629
Average Greenville County Tax Bill
$1,574
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Campobello, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29322 | $649 | $1,136 | $1,629 | $2,170 | $2,759 |
Source: Ownwell