Elloree, South Carolina Property Taxes
The median property tax rate in Elloree, SC is 0.63%, 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 Elloree at $41,000, the typical annual property tax bill reaches $326, significantly below the national median of $2,690. Property taxes in Elloree 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 Elloree'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 Elloree or another part of Calhoun County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elloree, 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 Elloree Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elloree with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elloree 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 Elloree, South Carolina
Property taxes in Elloree, 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 Elloree is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Elloree set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elloree 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 Elloree's effective property tax rate to other counties in South Carolina and the national median. For comparison, the highest median property tax rate in the area is also 0.63%, found in the zip code 29047, while the lowest median tax rate is the same at 0.63%, also in zip code 29047. Understanding how these cities compare with Elloree provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elloree Tax Rate
0.63%
Average Calhoun County Tax Rate
0.54%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elloree, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29047 | 0.27% | 0.42% | 0.63% | 1.83% | 3.16% |
Source: Ownwell
Property Tax Assessment Values Across Elloree, South Carolina
In Elloree, 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 Calhoun County 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. 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 Elloree helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Elloree, the median home price is $41,000, with the 25th percentile tax bill at $146 and the 75th percentile tax bill at $736. The zip code 29047 has both the highest and lowest median tax bills at $326.
Average Elloree Assessed Value
$41,000
Average Calhoun County Assessed Value
$64,700
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elloree, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29047 | $4,100 | $13,200 | $41,000 | $155,400 | $264,900 |
Source: Ownwell
Property Tax Bills Across Elloree, South Carolina
In Elloree, located in Calhoun County, SC, property tax bills are calculated based on the assessed value of the property and the applicable tax rate. The assessed value is determined by the county assessor's office, which evaluates the market value of the property and applies an assessment ratio. For homeowners in Elloree, the median home price is $41,000. The tax bill varies significantly within the city. For instance, the 25th percentile tax bill is $146, while the 75th percentile tax bill rises to $736. At the 90th percentile, it can reach as high as $1,357. The highest median tax bill in Elloree is $326, which is relatively modest compared to the national median property tax rate of 0.99%. These tax bills directly impact homeowners by influencing their annual housing costs. Lower tax bills can make homeownership more affordable, while higher tax bills may pose a financial burden. Understanding these factors helps homeowners anticipate and manage their property tax obligations effectively.
Average Elloree Tax Bill
$326
Average Calhoun County Tax Bill
$366
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Elloree, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29047 | $90 | $146 | $326 | $736 | $1,357 |
Source: Ownwell