Aynor, South Carolina Property Taxes
The median property tax rate in Aynor, SC is 0.44%, considerably lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Aynor at $116,920, the typical annual property tax bill reaches $591, well below the national median of $2,690. Property taxes in Aynor 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 Aynor'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 Aynor 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
Aynor, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$514
Ownwell’s Aynor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aynor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aynor 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 Aynor, South Carolina
Property taxes in Aynor, 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 Aynor is 0.44%, which is lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Aynor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aynor 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 Aynor's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29511 zip code has the highest median property tax rate of 0.44%, while the 29511 zip code also has the lowest median tax rate of 0.44%. Understanding how these cities compare with Aynor provides valuable insights into the varying tax landscape across Horry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aynor Tax Rate
0.44%
Average Horry County Tax Rate
0.81%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aynor, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29511 | 0.16% | 0.33% | 0.44% | 1.06% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Aynor, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Aynor, 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 Horry 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 Aynor, 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 Aynor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code with the highest median tax bill is 29511, at $591.00, while the lowest median tax bill is also in the same zip code.
Average Aynor Assessed Value
$116,920
Average Horry County Assessed Value
$160,000
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aynor, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29511 | $18,800 | $50,050 | $116,920 | $213,790 | $292,052 |
Source: Ownwell
Property Tax Bills Across Aynor, South Carolina
In Aynor, located in Horry County, SC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor's office and is a percentage of the property's market value. For example, if the median home price in Aynor is $116,920, the assessed value would be a fraction of this amount, depending on local assessment ratios. Several factors influence the property tax bill, including the property's location, size, and condition. Homeowners in Aynor can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $246, while at the 75th percentile, they can reach up to $1,031. For those at the 90th percentile, tax bills can be as high as $1,643. The highest median tax bill in the area is $591, which is consistent across zip code 29511. These property tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners better manage their financial planning and anticipate annual expenses.
Average Aynor Tax Bill
$591
Average Horry County Tax Bill
$1,084
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Aynor, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29511 | $83 | $246 | $591 | $1,031 | $1,643 |
Source: Ownwell