Brunson, South Carolina Property Taxes
The median property tax rate in Brunson, SC is 0.99%, aligning with the national median of 0.99% but significantly higher than the South Carolina state median of 0.72%. With a median home value of $25,400 in Brunson, the typical annual property tax bill amounts to $487, which is notably lower than the national median of $2,690. Property taxes in Brunson are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Navigating Brunson's property tax system, exploring available exemptions, and identifying potential reductions can lead to substantial annual savings. Whether you're in the heart of Brunson 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
Brunson, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$251
Ownwell’s Brunson Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Brunson with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Brunson to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations and includes any applicable exemptions.
Property Tax Rates Across Brunson, South Carolina
Property taxes in Brunson, 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 Brunson is 0.99%, aligning with the U.S. national median of 0.99%. Local government entities within Brunson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brunson 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 Brunson's effective property tax rate to other areas in South Carolina and the national median. For comparison, the zip code 29911 has both the highest and lowest median property tax rate of 0.99%. Understanding how these areas compare with Brunson provides valuable insights into the varying tax landscape across Hampton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brunson Tax Rate
0.99%
Average Hampton County Tax Rate
1.01%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brunson, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29911 | 0.37% | 0.72% | 0.99% | 2.98% | 3.09% |
Source: Ownwell
Property Tax Assessment Values Across Brunson, South Carolina
In Brunson, 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 Hampton 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 Brunson, 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. The median home price in Brunson is $25,400, with tax bills ranging from $199 at the 25th percentile to $1,832 at the 90th percentile. 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 Brunson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brunson Assessed Value
$25,400
Average Hampton County Assessed Value
$23,800
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brunson, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29911 | $3,000 | $7,100 | $25,400 | $64,150 | $133,563 |
Source: Ownwell
Property Tax Bills Across Brunson, South Carolina
In Brunson, located in Hampton County, SC, property tax bills are calculated based on the assessed value of a property, 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. Various factors play a role in this calculation, including the property's value, the local tax rate, and any applicable exemptions. For homeowners in Brunson, the median home price stands at $25,400. Tax bills can vary significantly, with the 25th percentile at $199 and the 75th percentile reaching $1,070. At the higher end, the 90th percentile tax bill is $1,832. Comparatively, the highest and lowest median tax bills in the area are both $487, indicating a relatively consistent tax rate across different properties. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual expenses. By knowing how their tax bill is determined, homeowners can better plan their finances and explore potential exemptions to reduce their tax burden.
Average Brunson Tax Bill
$487
Average Hampton County Tax Bill
$543
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Brunson, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29911 | $87 | $199 | $487 | $1,070 | $1,832 |
Source: Ownwell