Williamston, South Carolina Property Taxes
The median property tax rate in Williamston, SC is 0.57%, considerably lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Williamston at $129,955, the typical annual property tax bill reaches $949, significantly below the national median of $2,690. Property taxes in Williamston 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 Williamston'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 Williamston 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
Williamston, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$741
Ownwell’s Williamston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Williamston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Williamston 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 Williamston, South Carolina
Property taxes in Williamston, South Carolina, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Williamston is 0.57%, lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Williamston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Williamston 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. For comparison, the zip code 29697 has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these figures compare with Williamston 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 Williamston Tax Rate
0.57%
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 Williamston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29697 | 0.30% | 0.48% | 0.57% | 1.14% | 2.53% |
Source: Ownwell
Property Tax Assessment Values Across Williamston, South Carolina
In Williamston, 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'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 Williamston, 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 Williamston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Williamston is $129,955, with the 25th percentile tax bill at $515 and the 75th percentile tax bill at $1,648. The zip code with the highest and lowest median tax bill is 29697, with a median tax bill of $949.
Property Tax Assessment Values Across Williamston, South Carolina
Source: Ownwell
$39,580
$147,245
$254,910
Average Williamston Assessed Value
$129,955
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 Williamston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29697 | $19,664 | $54,695 | $129,955 | $202,708 | $354,331 |
Source: Ownwell
Property Tax Bills Across Williamston, South Carolina
Property tax bills in Williamston, SC, are calculated based on the assessed value of a property, which is a percentage of its market value. In Anderson County, where Williamston is located, the median home price is $129,955. The tax rate is applied to the assessed value to determine the annual tax bill. Factors such as property improvements, market conditions, and local government budgets influence the assessed value. For homeowners, the tax burden can vary significantly. For example, the 25th percentile tax bill is $515, while the 75th percentile tax bill is $1,648, and the 90th percentile tax bill reaches $2,590. This range highlights the variability in tax obligations depending on property values and assessments. Comparatively, the national median property tax rate stands at 0.99%, making it essential for homeowners in Williamston to understand how their local rates and assessments impact their finances. The highest median tax bill in the area is $949, which is also the lowest median tax bill, indicating uniformity in certain zip codes. Understanding these factors can help homeowners better plan for their annual property tax expenses.
Average Williamston Tax Bill
$949
Average Anderson County Tax Bill
$929
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Williamston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29697 | $191 | $515 | $949 | $1,648 | $2,590 |
Source: Ownwell