Catawba, South Carolina Property Taxes
The median property tax rate in Catawba, SC is 0.58%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $153,500 in Catawba, the typical annual property tax bill amounts to $787, which is well below the national median of $2,690. Property taxes in Catawba 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 Catawba'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 Catawba 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
Catawba, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$890
Ownwell’s Catawba Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Catawba with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Catawba 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 Catawba, South Carolina
Property taxes in Catawba, South Carolina, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Catawba is 0.56%, which is lower than both the South Carolina state median of 0.57% and the U.S. national median of 0.99%. Local government entities within Catawba set these rates annually, and they can vary significantly across different neighborhoods. Each year, Catawba 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 Catawba's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29704 zip code has the highest median property tax rate of 0.56%, while the same zip code also has the lowest median tax rate of 0.56%. Understanding how these areas compare with Catawba provides valuable insights into the varying tax landscape across York County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Catawba Tax Rate
0.58%
Average York County Tax Rate
0.68%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Catawba, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29704 | 0.27% | 0.40% | 0.58% | 0.58% | 2.20% |
Source: Ownwell
Property Tax Assessment Values Across Catawba, South Carolina
In Catawba, 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 York County Assessor's Office 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 Catawba, 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 Catawba helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $153,500, with the 25th percentile tax bill at $360 and the 75th percentile at $1,327. Catawba's highest and lowest median tax bill stands at $787 in the 29704 zip code.
Average Catawba Assessed Value
$153,500
Average York County Assessed Value
$210,005
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Catawba, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29704 | $28,000 | $54,800 | $153,500 | $241,570 | $316,272 |
Source: Ownwell
Property Tax Bills Across Catawba, South Carolina
In Catawba, York County, SC, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is typically a percentage of the market value of your property. For instance, with a median home price of $153,500, the tax bill can vary significantly. Homeowners in the 25th percentile might pay around $360, while those in the 75th percentile could see bills as high as $1,327. For homes in the 90th percentile, the tax bill can reach up to $2,034. The local property tax rate in Catawba is crucial in determining the final bill. Compared to the national median property tax rate of 0.99%, the tax rate in Catawba is competitive, making it an attractive location for homeowners. The highest and lowest median tax bills in the area are both $787, indicating a stable and predictable tax environment. Understanding these factors can help homeowners budget more effectively and anticipate their annual property tax obligations.
Average Catawba Tax Bill
$787
Average York County Tax Bill
$1,529
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Catawba, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29704 | $161 | $360 | $787 | $1,327 | $2,034 |
Source: Ownwell