Piedmont, South Carolina Property Taxes
The median property tax rate in Piedmont, SC is 0.51%, 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 Piedmont at $196,185, the typical annual property tax bill amounts to $1,123, which is well below the national median of $2,690. Property taxes in Piedmont 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 Piedmont'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 Piedmont 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
Piedmont, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$1,001
Ownwell’s Piedmont Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Piedmont with just two key data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Piedmont to provide an accurate estimate of your property tax bill. This valuable tool aids in understanding potential tax liabilities, making financial planning easier. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Anderson County, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Piedmont, South Carolina
Property taxes in Piedmont, South Carolina, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Piedmont is 0.51%, which is lower than the U.S. national median of 0.99%. Local government entities in Piedmont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Piedmont 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. Understanding how these cities compare with Piedmont provides valuable insights into the varying tax landscape across Anderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Piedmont Tax Rate
0.51%
Average Anderson County Tax Rate
0.55%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Piedmont, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29673 | 0.34% | 0.47% | 0.51% | 0.73% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Piedmont, South Carolina
In Piedmont, 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 Anderson County Assessor 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 Piedmont, 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 Piedmont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Piedmont is $196,185, with annual property tax bills ranging widely. For instance, the 25th percentile tax bill is around $690, while the 75th percentile reaches $1,738. The highest median tax bill in the area is $1,123, found in the 29673 zip code, which also has the lowest median tax bill at $1,123.
Property Tax Assessment Values Across Piedmont, South Carolina
Source: Ownwell
$39,580
$147,245
$254,910
Average Piedmont Assessed Value
$196,185
Average Anderson County Assessed Value
$138,430
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Piedmont, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29673 | $30,834 | $114,768 | $196,185 | $279,280 | $406,371 |
Source: Ownwell
Property Tax Bills Across Piedmont, South Carolina
In Piedmont, property tax bills are calculated based on the assessed value of a home, which is determined by the Anderson County tax assessor. This assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value. Homeowners in Piedmont see a range of property tax bills. The median home price is $196,185, leading to a median tax bill of $1,123 in the 29673 zip code. For those in the 25th percentile, the tax bill is around $690, while homeowners in the 75th percentile pay approximately $1,738. At the higher end, the 90th percentile tax bill can reach up to $3,261. Compared to the national median property tax rate of 0.99%, Piedmont's tax rates can significantly impact homeowners, making it essential to understand how these taxes are calculated and how they may fluctuate over time.
Average Piedmont Tax Bill
$1,123
Average Anderson County Tax Bill
$929
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Piedmont, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29673 | $277 | $690 | $1,123 | $1,738 | $3,261 |
Source: Ownwell