Clearwater, South Carolina Property Taxes
The median property tax rate in Clearwater, SC is 1.27%, 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 Clearwater, the typical annual property tax bill reaches $116, which is significantly lower than the national median of $2,690. Property taxes in Clearwater 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 Clearwater'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 Clearwater 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
Clearwater, 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 Clearwater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clearwater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clearwater 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 Clearwater, South Carolina
Property taxes in Clearwater, 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 Clearwater is 0.57%, which is lower than both the South Carolina state median of 0.56% and the U.S. national median of 0.99%. Local government entities within Clearwater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clearwater 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 Clearwater's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29822 zip code has the highest median property tax rate of 0.57%, while the 29822 zip code also has the lowest median tax rate of 0.57%. Understanding how these areas compare with Clearwater provides valuable insights into the varying tax landscape across Aiken County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clearwater Tax Rate
1.27%
Average Aiken County Tax Rate
0.59%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clearwater, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29822 | 1.19% | 1.22% | 1.27% | 1.33% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Clearwater, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Clearwater, South Carolina. 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 local 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 Clearwater, 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 Clearwater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Clearwater, the zip code with the highest and lowest median tax bill is 29822, with a median tax bill of $116.
Property Tax Assessment Values Across Clearwater, South Carolina
Source: Ownwell
$3,504
$96,907
$190,310
Average Clearwater Assessed Value
$9,200
Average Aiken County Assessed Value
$71,607
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clearwater, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29822 | $8,280 | $8,625 | $9,200 | $9,775 | $10,120 |
Source: Ownwell
Property Tax Bills Across Clearwater, South Carolina
In Clearwater, SC, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the local tax assessor, who evaluates the property's market value and then applies an assessment ratio. For homeowners, this means that if your home's market value is $9,200, the assessed value will be a percentage of that amount, set by local regulations. Once the assessed value is established, local tax rates are applied to determine the final tax bill. Factors such as local government budgets, school funding needs, and other municipal services influence these rates. In Clearwater, the tax bills can vary; for instance, the 25th percentile tax bill is $114, while the 75th percentile reaches $118, and the 90th percentile is $120. These values indicate a relatively narrow range, suggesting a level of predictability for homeowners. Comparatively, Clearwater's median tax bill of $116 aligns closely with the national median property tax rate of 0.99%, making it relatively manageable for residents. This system ensures that property taxes are both fair and reflective of the community's needs.
Average Clearwater Tax Bill
$116
Average Aiken County Tax Bill
$442
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Clearwater, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29822 | $112 | $114 | $116 | $118 | $120 |
Source: Ownwell