Leesville, South Carolina Property Taxes
The median property tax rate in Leesville, SC is 0.60%, which is notably lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Leesville at $94,691, the typical annual property tax bill is $747, significantly below the national median of $2,690. Property taxes in Leesville 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 Leesville'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 Leesville 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
Leesville, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$568
Ownwell's Leesville Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Leesville. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Leesville to provide an estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities with ease. For those interested in more detailed insights, you can explore trends at a neighborhood level by scrolling down for localized information. Your property's assessed value is determined by Lexington County for tax calculations and includes any applicable exemptions.
Property Tax Rates Across Leesville, South Carolina
Property taxes in Leesville, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leesville is 0.60%, lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Leesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leesville 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 Leesville's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29070 zip code has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Leesville provides valuable insights into the varying tax landscape across Lexington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leesville Tax Rate
0.60%
Average Lexington County Tax Rate
0.57%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leesville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29070 | 0.25% | 0.49% | 0.60% | 2.61% | 2.96% |
Source: Ownwell
Property Tax Assessment Values Across Leesville, South Carolina
In Leesville, 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 Lexington 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 Leesville, 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 Leesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Leesville is 29070, with a median tax bill of $747.
Property Tax Assessment Values Across Leesville, South Carolina
Source: Ownwell
$24,100
$146,458
$268,816
Average Leesville Assessed Value
$94,691
Average Lexington County Assessed Value
$147,464
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leesville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29070 | $16,300 | $34,794 | $94,691 | $187,815 | $306,699 |
Source: Ownwell
Property Tax Bills Across Leesville, South Carolina
In Leesville, located in Lexington County, SC, 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 Leesville is $94,691. Local tax rates are applied to the assessed value to determine the annual property tax bill. Factors such as property improvements, location, and market trends can influence the assessed value. For homeowners in Leesville, property taxes can vary significantly. The tax bill at the 25th percentile is $350, while at the 75th percentile, it is $1,399. Those in the 90th percentile can expect to pay around $2,575. The highest median tax bill recorded in the area is $747, which is notably lower than the national median property tax rate of 0.99%. These property taxes fund essential public services, including schools, infrastructure, and emergency services, impacting the quality of life and community development. Understanding how these taxes are calculated helps homeowners manage their finances and anticipate future expenses.
Average Leesville Tax Bill
$747
Average Lexington County Tax Bill
$1,039
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Leesville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29070 | $128 | $350 | $747 | $1,399 | $2,575 |
Source: Ownwell