Startex, South Carolina Property Taxes
The median property tax rate in Startex, SC is 0.79%, which is lower than the national median of 0.99% but higher than South Carolina's state median of 0.72%. With a median home value of $73,900 in Startex, the typical annual property tax bill amounts to $751, significantly below the national median of $2,690. Property taxes in Startex 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 Startex'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 Startex or another part of Spartanburg County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Startex, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$584
Ownwell’s Startex Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Startex with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Startex 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 Startex, South Carolina
Property taxes in Startex, 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 Startex is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Startex set these rates annually, and they can vary significantly across different neighborhoods. Each year, Startex 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 Startex's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29377 in Spartanburg County has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these cities compare with Startex 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 Startex Tax Rate
0.79%
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 Startex, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29377 | 0.31% | 0.54% | 0.79% | 1.58% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Startex, South Carolina
In Startex, 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 Startex, 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 Startex helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Startex stands at $73,900, with tax bills ranging from $361 at the 25th percentile to $1,628 at the 90th percentile. Interestingly, the highest and lowest median tax bills are both recorded at $751 in the 29377 zip code.
Average Startex Assessed Value
$73,900
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 Startex, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29377 | $9,350 | $38,325 | $73,900 | $105,425 | $161,750 |
Source: Ownwell
Property Tax Bills Across Startex, South Carolina
In Startex, located in Spartanburg County, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For homeowners in Startex, the median home price is $73,900. This value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the final tax bill, including property improvements, market conditions, and local tax levies. For example, the 25th percentile tax bill is $361, while the 75th percentile tax bill reaches $1,173. The 90th percentile tax bill can be as high as $1,628, reflecting variations in property values and assessments. Compared to the national median property tax rate of 0.99%, residents in Startex experience a range of tax bills that can significantly impact their annual expenses. Homeowners must stay informed about their property assessments and any changes in local tax rates to manage their financial planning effectively.
Average Startex Tax Bill
$751
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 Startex, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29377 | $157 | $361 | $751 | $1,173 | $1,628 |
Source: Ownwell