Ward, South Carolina Property Taxes
The median property tax rate in Ward, South Carolina is 0.74%, slightly higher than the state median of 0.72% but still below the national median of 0.99%. With a median home value of $58,850, the typical annual property tax bill in Ward is $415, which is significantly lower than the national median of $2,690. Property taxes in Ward are calculated based on the tax assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Ward's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the heart of Ward or in another part of the area, being well-informed about the local property tax system is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Ward, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$435
Ownwell’s WARD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WARD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WARD 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 Ward, South Carolina
Property taxes in Ward, South Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ward is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Ward set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ward 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 Ward's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29166 zip code has both the highest and lowest median property tax rate of 0.74%. Understanding how these areas compare with Ward 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 Ward Tax Rate
0.74%
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 Ward, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29166 | 0.20% | 0.48% | 0.74% | 1.91% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Ward, South Carolina
In WARD, 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 WARD, 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 median home price in WARD is $58,850, with tax bills ranging from $176 at the 25th percentile to $1,447 at the 90th percentile. The zip code 29166 has both the highest and lowest median tax bill of $415. Being aware of these valuation processes in WARD helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ward Assessed Value
$58,850
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 Ward, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29166 | $9,000 | $21,525 | $58,850 | $113,875 | $194,690 |
Source: Ownwell
Property Tax Bills Across Ward, South Carolina
In Ward, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The tax rate in Ward is applied to this assessed value to determine the annual property tax bill. For instance, with a median home price of $58,850, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is approximately $176, while at the 75th percentile, it rises to around $867. The 90th percentile sees tax bills reaching up to $1,447. Factors influencing these calculations include the property's market value, local tax rates, and any applicable exemptions. These bills significantly impact homeowners by contributing to their annual housing costs, and they can vary widely depending on the property's assessed value and the specific tax rate applied. Comparatively, the highest and lowest median tax bills in the region are both recorded at $415 in the 29166 zip code, reflecting the uniformity in tax assessments within that area.
Average Ward Tax Bill
$415
Average Saluda County Tax Bill
$641
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Ward, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29166 | $76 | $176 | $415 | $867 | $1,447 |
Source: Ownwell