Pendleton, South Carolina Property Taxes
The median property tax rate in Pendleton, SC is 1.43%, considerably higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Pendleton at $50,100, the typical annual property tax bill reaches $479, which is notably below the national median of $2,690. Property taxes in Pendleton 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 Pendleton'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 Pendleton 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
Pendleton, South Carolina Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Pendleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pendleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pendleton 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 Pendleton, South Carolina
Property taxes in Pendleton, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pendleton is 1.43%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pendleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pendleton 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 Pendleton's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29670 has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Pendleton provides valuable insights into the varying tax landscape across Pickens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pendleton Tax Rate
1.43%
Average Pickens County Tax Rate
0.47%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pendleton, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29670 | 0.21% | 0.37% | 1.43% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Pendleton, South Carolina
In Pendleton, 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 Pickens 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 Pendleton, 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 Pendleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $479 in the 29670 zip code, which is both the highest and lowest median tax bill reported.
Property Tax Assessment Values Across Pendleton, South Carolina
Source: Ownwell
$50,100
$350,050
$650,000
Average Pendleton Assessed Value
$50,100
Average Pickens County Assessed Value
$142,700
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pendleton, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29670 | $36,620 | $44,750 | $50,100 | $68,800 | $82,450 |
Source: Ownwell
Property Tax Bills Across Pendleton, South Carolina
In Pendleton, located in Pickens County, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Pendleton face a median property tax rate of 0.99%, which aligns with the national median. For instance, with a median home price of $50,100, the property tax bill can range significantly. At the 25th percentile, homeowners might pay around $259, while at the 75th percentile, the tax bill could be as high as $852. For those in the 90th percentile, the tax bill may reach up to $991. These variations in tax bills reflect differences in property values and any applicable exemptions or deductions. Understanding these factors is crucial for homeowners to anticipate their financial obligations. The highest and lowest median tax bills in the area are both $479, indicating a relatively stable tax environment within the zip code 29670.
Average Pendleton Tax Bill
$479
Average Pickens County Tax Bill
$811
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Pendleton, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29670 | $155 | $259 | $479 | $852 | $991 |
Source: Ownwell