Kershaw, South Carolina Property Taxes
The median property tax rate in Kershaw, SC is 0.78%, which is lower than the national median of 0.99% but slightly higher than the South Carolina state median of 0.72%. With the median home value in Kershaw at $42,400, the typical annual property tax bill comes to $372, significantly below the national median of $2,690. Property taxes in Kershaw are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Kershaw'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 Kershaw or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kershaw, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$331
Ownwell’s Kershaw Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kershaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kershaw 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 Kershaw, South Carolina
Property taxes in Kershaw, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kershaw is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Kershaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kershaw 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 Kershaw's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29067 has both the highest and lowest median property tax rate of 0.78%. Understanding how these cities compare with Kershaw provides valuable insights into the varying tax landscape across Kershaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kershaw Tax Rate
0.78%
Average Kershaw County Tax Rate
0.66%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kershaw, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29067 | 0.30% | 0.47% | 0.78% | 1.98% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across Kershaw, South Carolina
In Kershaw, 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 local 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 Kershaw, 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 Kershaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill in Kershaw is 29067, with a median tax bill of $372.
Average Kershaw Assessed Value
$42,400
Average Kershaw County Assessed Value
$113,100
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kershaw, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29067 | $8,200 | $13,700 | $42,400 | $101,410 | $175,520 |
Source: Ownwell
Property Tax Bills Across Kershaw, South Carolina
In Kershaw, South Carolina, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Kershaw is $42,400. Homeowners in this area can expect their property tax bills to fall within a range, with the 25th percentile at $225 and the 75th percentile at $724. For those at the higher end, the 90th percentile tax bill reaches $1,268. The highest and lowest median tax bills in the area are both $372, specifically in the 29067 zip code. Factors influencing these tax bills include the assessed value of the property, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Kershaw's property tax rates are relatively moderate. These property taxes significantly impact homeowners, affecting their annual expenses and potentially influencing their decisions about property investments and homeownership in the region.
Average Kershaw Tax Bill
$372
Average Kershaw County Tax Bill
$792
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Kershaw, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29067 | $86 | $225 | $372 | $724 | $1,268 |
Source: Ownwell