Hodges, South Carolina Property Taxes
The median property tax rate in Hodges, SC is 0.44%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Hodges at $106,300, the typical annual property tax bill is $548, well below the national median of $2,690. Property taxes in Hodges 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 Hodges' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hodges or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hodges, 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 Hodges Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hodges with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hodges 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 Hodges, South Carolina
Property taxes in Hodges, 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 Hodges is 0.44%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Hodges set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hodges 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 Hodges' effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29653 has both the highest and lowest median property tax rate of 0.44%. Understanding how these cities compare with Hodges provides valuable insights into the varying tax landscape across Abbeville County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hodges Tax Rate
0.44%
Average Abbeville County Tax Rate
0.76%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hodges, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29653 | 0.15% | 0.30% | 0.44% | 0.73% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Hodges, South Carolina
In Hodges, 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 Abbeville 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 Hodges, 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 Hodges helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Hodges is $548, with the highest and lowest median tax bills both found in zip code 29653.
Average Hodges Assessed Value
$106,300
Average Abbeville County Assessed Value
$33,600
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hodges, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29653 | $33,100 | $51,950 | $106,300 | $213,150 | $278,080 |
Source: Ownwell
Property Tax Bills Across Hodges, South Carolina
In Hodges, property tax bills are calculated based on the assessed value of a home, which is determined by the Abbeville County Assessor's Office. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the local tax rate. For homeowners in Hodges, the median home price is $106,300. Property tax bills can vary significantly; the 25th percentile tax bill is $172, while the 75th percentile tax bill is $1,456, and the 90th percentile tax bill reaches $1,962. These variations depend on several factors, including property location, exemptions, and improvements. The highest median tax bill in the area is $548, which is relatively modest compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively. Despite the range, property taxes in Hodges remain a crucial component of homeownership, impacting overall affordability and long-term financial planning.
Average Hodges Tax Bill
$548
Average Abbeville County Tax Bill
$277
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Hodges, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29653 | $104 | $172 | $548 | $1,456 | $1,962 |
Source: Ownwell