Chappells, South Carolina Property Taxes
The median property tax rate in Chappells, SC is 0.75%, slightly higher than the South Carolina state median of 0.72% but lower than the national median of 0.99%. With a median home value of $60,400 in Chappells, the typical annual property tax bill amounts to $486, significantly below the national median of $2,690. Property taxes in Chappells are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Chappells' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you reside in Chappells or another part of Saluda County, comprehending the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Chappells, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$453
Ownwell’s Chappells Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chappells with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chappells 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 Chappells, South Carolina
Property taxes in Chappells, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chappells is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Chappells set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chappells 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 Chappells' effective property tax rate to other areas and the national median. For comparison, the zip code 29037 has both the highest and lowest median property tax rate of 0.75%. Understanding how these areas compare with Chappells provides valuable insights into the varying tax landscape across Saluda County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chappells Tax Rate
0.75%
Average Saluda County Tax Rate
0.88%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chappells, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29037 | 0.32% | 0.48% | 0.75% | 1.66% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Chappells, South Carolina
In Chappells, 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 Saluda 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 Chappells, 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 Chappells helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Chappells is $60,400, with tax bills ranging from $213 at the 25th percentile to $1,765 at the 90th percentile. The highest and lowest median tax bills are both $486 in zip code 29037.
Property Tax Assessment Values Across Chappells, South Carolina
Source: Ownwell
$47,650
$123,125
$198,600
Average Chappells Assessed Value
$60,400
Average Saluda County Assessed Value
$64,000
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chappells, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29037 | $7,500 | $29,600 | $60,400 | $116,800 | $202,900 |
Source: Ownwell
Property Tax Bills Across Chappells, South Carolina
In Chappells, located in Saluda County, SC, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Chappells stands at $60,400. Factors such as property size, location, and improvements can influence this assessed value. Once the assessed value is determined, local tax rates are applied to calculate the tax bill. For homeowners in Chappells, the property tax bill can vary significantly. The 25th percentile tax bill is around $213, while the 75th percentile reaches up to $918. At the higher end, the 90th percentile tax bill is approximately $1,765. The median tax bill in the area is $486, which is considerably lower than the national median property tax rate of 0.99%. These tax rates can impact homeowners by affecting their annual expenses and potentially influencing decisions about property investments and home improvements.
Average Chappells Tax Bill
$486
Average Saluda County Tax Bill
$641
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Chappells, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29037 | $82 | $213 | $486 | $918 | $1,765 |
Source: Ownwell