Clifton, South Carolina Property Taxes
The median property tax rate in Clifton, SC, is 0.98%, slightly below the national median of 0.99% but higher than the South Carolina state median of 0.72%. With the median home value in Clifton at $29,300, the typical annual property tax bill is $329, which is significantly lower than the national median of $2,690. Property taxes in Clifton 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 Clifton'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 Clifton 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
Clifton, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$287
Ownwell’s Clifton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clifton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clifton 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 Clifton, South Carolina
Property taxes in Clifton, 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 Clifton is 0.98%, which is just below the U.S. national median of 0.99%. Local government entities within Clifton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clifton 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 Clifton's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29324 has the highest median property tax rate of 0.98%, while the same zip code also holds the lowest median tax rate of 0.98%. Understanding how these cities compare with Clifton provides valuable insights into the varying tax landscape across Spartanburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clifton Tax Rate
0.98%
Average Spartanburg County Tax Rate
0.63%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clifton, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29324 | 0.22% | 0.51% | 0.98% | 2.22% | 2.50% |
Source: Ownwell
Property Tax Assessment Values Across Clifton, South Carolina
In Clifton, 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 Spartanburg County Assessor 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 Clifton, 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 Clifton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 29324 has the highest median tax bill of $329, while the lowest median tax bill is also $329 in the same zip code.
Average Clifton Assessed Value
$29,300
Average Spartanburg County Assessed Value
$171,600
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clifton, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29324 | $1,840 | $10,700 | $29,300 | $56,300 | $91,740 |
Source: Ownwell
Property Tax Bills Across Clifton, South Carolina
In Clifton, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $29,300, the property tax bill can vary significantly. Homeowners in the 25th percentile pay around $121, while those in the 75th percentile face a bill of $687. At the 90th percentile, the tax bill rises to $1,268. Several factors influence these calculations, including property location, market conditions, and local government budget requirements. Clifton's property tax rate can be compared to the national median property tax rate of 0.99%, highlighting the variation in tax burdens across different regions. For homeowners, these taxes fund essential public services such as schools, roads, and emergency services, directly impacting community quality of life. Understanding these elements helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Clifton Tax Bill
$329
Average Spartanburg County Tax Bill
$1,309
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Clifton, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29324 | $74 | $121 | $329 | $687 | $1,268 |
Source: Ownwell