Shaw Afb, South Carolina Property Taxes
The median property tax rate in Shaw AFB, South Carolina is 2.74%, significantly higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Shaw AFB, the typical annual property tax bill reaches $191, which is below the national median of $2,690. Property taxes in Shaw AFB are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Shaw AFB's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Shaw AFB or another part of Sumter County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shaw Afb, South Carolina Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s SHAW AFB Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in SHAW AFB with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SHAW AFB to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by Sumter County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Shaw Afb, South Carolina
Property taxes in Shaw AFB, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shaw AFB is 2.74%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Shaw AFB set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shaw AFB 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 Shaw AFB's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29152 zip code has both the highest and lowest median property tax rate of 2.74%. Understanding how these areas compare with Shaw AFB provides valuable insights into the varying tax landscape across Sumter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shaw Afb Tax Rate
2.74%
Average Sumter County Tax Rate
1.06%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shaw Afb, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29152 | 1.43% | 2.17% | 2.74% | 3.76% | 5.75% |
Source: Ownwell
Property Tax Assessment Values Across Shaw Afb, South Carolina
In SHAW AFB, 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 Sumter 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 SHAW AFB, 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 SHAW AFB helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $191.00, and the lowest is also $191.00, both in the zip code 29152.
Average Shaw Afb Assessed Value
$5,824
Average Sumter County Assessed Value
$37,792
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shaw Afb, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29152 | $1,100 | $1,656 | $5,824 | $11,826 | $38,232 |
Source: Ownwell
Property Tax Bills Across Shaw Afb, South Carolina
Property tax bills in Shaw AFB, located in Sumter County, SC, are calculated based on the assessed value of the property, which is a percentage of the market value determined by local assessors. The property tax rate in this area is then applied to the assessed value to determine the annual tax bill. For homeowners in Shaw AFB, the median home price is notably low at $5,824, resulting in relatively modest property tax bills. Homeowners in Shaw AFB can expect a tax bill around the 25th percentile to be $109, while those at the 75th percentile might see a bill of $293. The 90th percentile tax bill can reach up to $1,033, reflecting the range of property values and corresponding tax obligations in the area. The highest and lowest median tax bills are both recorded at $191 in the zip code 29152, indicating a consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Shaw AFB’s property tax rates provide a more affordable option for homeowners.
Average Shaw Afb Tax Bill
$191
Average Sumter County Tax Bill
$351
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Shaw Afb, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29152 | $73 | $109 | $191 | $293 | $1,033 |
Source: Ownwell