Ridgeland, South Carolina Property Taxes
The median property tax rate in Ridgeland, SC is 0.86%, 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 $63,400 in Ridgeland, the typical annual property tax bill amounts to $541, significantly below the national median of $2,690. Property taxes in Ridgeland are calculated based on the tax assessed value, which often falls below the market value thanks to various exemptions, such as those for primary residences and agricultural properties. By understanding Ridgeland's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Ridgeland or another part of the city, gaining insights into the local property tax system can lead to financial benefits and smarter property management.
Last Updated June 14, 2024
Ridgeland, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$545
Ownwell’s Ridgeland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ridgeland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ridgeland 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 Ridgeland, South Carolina
Property taxes in Ridgeland, South Carolina, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Ridgeland is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Ridgeland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ridgeland 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. Understanding how Ridgeland's tax rates compare with other areas in Jasper County provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ridgeland Tax Rate
0.86%
Average Jasper County Tax Rate
0.79%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ridgeland, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29936 | 0.42% | 0.59% | 0.86% | 1.94% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Ridgeland, South Carolina
In Ridgeland, 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 Jasper 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 Ridgeland, 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. The zip code 29936 has the highest median tax bill at $541. Being aware of these valuation processes in Ridgeland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Ridgeland, South Carolina
Source: Ownwell
$12,000
$184,550
$357,100
Average Ridgeland Assessed Value
$63,400
Average Jasper County Assessed Value
$92,100
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ridgeland, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29936 | $2,500 | $13,450 | $63,400 | $162,400 | $256,010 |
Source: Ownwell
Property Tax Bills Across Ridgeland, South Carolina
In Ridgeland, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor's office. The assessed value is typically a percentage of the market value of your property. For homeowners in Jasper County, the median home price is $63,400. Property tax rates are applied to this assessed value to determine your annual tax bill. Factors influencing your tax bill include the market value of your home, the assessment ratio used by the county, and the local tax rate. In Ridgeland, tax bills can vary significantly. For example, the 25th percentile tax bill is $133, while the 75th percentile tax bill is $1,359, and the 90th percentile tax bill reaches up to $2,461. Comparatively, the national median property tax rate is 0.99%, making Jasper County's rates relatively moderate. These taxes fund essential public services, impacting homeowners by contributing to community improvements and infrastructure.
Average Ridgeland Tax Bill
$541
Average Jasper County Tax Bill
$815
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Ridgeland, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29936 | $42 | $133 | $541 | $1,359 | $2,461 |
Source: Ownwell