Taylors, South Carolina Property Taxes
The median property tax rate in Taylors, SC is 0.82%, which is lower than the national median of 0.99% but higher than the South Carolina state median of 0.72%. With a median home value of $159,900 in Taylors, the typical annual property tax bill amounts to $1,441, which is below the national median of $2,690. Property taxes in Taylors are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Taylors’ property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Taylors 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
Taylors, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,311
Ownwell’s TAYLORS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in TAYLORS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in TAYLORS 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 Taylors, South Carolina
Property taxes in Taylors, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Taylors is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Taylors set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taylors 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 Taylors' effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29687 has both the highest and lowest median property tax rate of 0.82%. Understanding how these areas compare with Taylors 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 Taylors Tax Rate
0.82%
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 Taylors, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29687 | 0.53% | 0.65% | 0.82% | 1.05% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Taylors, South Carolina
In Taylors, 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 Greenville County Appraisal District 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 Taylors, 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 Taylors helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 29687 has the highest median tax bill at $1,441, which is above the national median property tax rate of 0.99%.
Average Taylors Assessed Value
$159,900
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 Taylors, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29687 | $71,860 | $112,710 | $159,900 | $225,410 | $312,360 |
Source: Ownwell
Property Tax Bills Across Taylors, South Carolina
In Taylors, 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 is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $159,900, homeowners can expect their property tax bill to vary significantly. At the 25th percentile, the tax bill is around $951, while at the 75th percentile, it reaches approximately $2209. For those at the 90th percentile, the tax bill can soar to $3241. Factors influencing these variations include the home's location within Greenville County, property improvements, and any applicable exemptions. These property taxes directly impact homeowners by influencing their overall housing costs. Comparatively, the highest and lowest median tax bills in the area both stand at $1441, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can make Taylors an attractive place for potential homeowners looking for affordability.
Average Taylors Tax Bill
$1,441
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 Taylors, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29687 | $560 | $951 | $1,441 | $2,209 | $3,241 |
Source: Ownwell