Ehrhardt, South Carolina Property Taxes
The median property tax rate in Ehrhardt, SC is 1.31%, 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 Ehrhardt at $35,400, the typical annual property tax bill reaches $415, which is significantly lower than the national median of $2,690. Property taxes in Ehrhardt are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ehrhardt'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 Ehrhardt 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
Ehrhardt, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$464
Ownwell’s Ehrhardt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ehrhardt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ehrhardt 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 Ehrhardt, South Carolina
Property taxes in Ehrhardt, 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 Ehrhardt is 0.5%, 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 Ehrhardt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ehrhardt 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 Ehrhardt's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29081 zip code has the highest median property tax rate of 0.5%, while the same zip code also has the lowest median tax rate of 0.5%. Understanding how these areas compare with Ehrhardt provides valuable insights into the varying tax landscape across Bamberg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ehrhardt Tax Rate
1.31%
Average Bamberg County Tax Rate
1.40%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ehrhardt, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29081 | 0.21% | 0.49% | 1.31% | 2.01% | 3.83% |
Source: Ownwell
Property Tax Assessment Values Across Ehrhardt, South Carolina
In Ehrhardt, 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 Bamberg 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 Ehrhardt, 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 Ehrhardt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $35,400, with median tax bills ranging from $83 at the 25th percentile to $1,823 at the 90th percentile. The highest and lowest median tax bills are both $415 in zip code 29081.
Average Ehrhardt Assessed Value
$35,400
Average Bamberg County Assessed Value
$35,100
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ehrhardt, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29081 | $3,580 | $11,100 | $35,400 | $78,450 | $156,120 |
Source: Ownwell
Property Tax Bills Across Ehrhardt, South Carolina
In Ehrhardt, located in Bamberg County, SC, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and reflects a percentage of the market value of the home. Homeowners in Ehrhardt can expect their tax bills to vary significantly, with the 25th percentile tax bill at $83 and the 75th percentile reaching $977. For those at the higher end, the 90th percentile tax bill can be as much as $1,823. The median home price in Ehrhardt is $35,400, which influences the overall property tax amount. Compared to the national median property tax rate of 0.99%, Ehrhardt's rates can be seen as relatively moderate. Factors such as property improvements, local tax rates, and exemptions also play a role in determining the final tax bill. Understanding these factors is crucial for homeowners to manage their finances effectively and anticipate their annual property tax obligations.
Average Ehrhardt Tax Bill
$415
Average Bamberg County Tax Bill
$391
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Ehrhardt, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29081 | $70 | $83 | $415 | $977 | $1,823 |
Source: Ownwell