Glendale, South Carolina Property Taxes
The median property tax rate in Glendale, SC is 1.47%, 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 Glendale, the typical annual property tax bill reaches $559, significantly lower than the national median of $2,690. Property taxes in Glendale 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 Glendale'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 Glendale 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
Glendale, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$1,016
Ownwell’s Glendale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glendale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glendale 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 Glendale, South Carolina
Property taxes in Glendale, 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 Glendale is 1.47%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Glendale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glendale 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 Glendale's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29346 zip code has the highest median property tax rate of 1.47%, while the same zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Glendale 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 Glendale Tax Rate
1.47%
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 Glendale, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29346 | 0.25% | 0.58% | 1.47% | 2.15% | 2.39% |
Source: Ownwell
Property Tax Assessment Values Across Glendale, South Carolina
In Glendale, 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 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 Glendale, 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. With a median home price of $69,100, property tax bills can vary significantly. For instance, the 25th percentile tax bill is $289, while the 75th percentile reaches $1,411, and the 90th percentile goes up to $1,793. The zip code 29346 has the highest and lowest median tax bill at $559. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glendale Assessed Value
$69,100
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 Glendale, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29346 | $16,100 | $40,325 | $69,100 | $86,800 | $105,780 |
Source: Ownwell
Property Tax Bills Across Glendale, South Carolina
In Glendale, Spartanburg County, SC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For example, if the median home price is $69,100, the assessed value will be a fraction of this amount, influenced by local assessment practices. Once the assessed value is established, the local tax rate is applied to determine the tax bill. In Glendale, property tax bills can vary significantly. Homeowners at the 25th percentile pay around $289 annually, while those at the 75th percentile see bills of approximately $1,411. At the 90th percentile, this amount rises to $1,793. These property taxes fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding these factors can help in budgeting and financial planning, as property taxes represent a significant annual expense. Comparing these figures to the national median property tax rate of 0.99% highlights the local variations that can impact homeowners differently across the country.
Average Glendale Tax Bill
$559
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 Glendale, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29346 | $162 | $289 | $559 | $1,411 | $1,793 |
Source: Ownwell