Awendaw, South Carolina Property Taxes
The median property tax rate in Awendaw, SC is 0.47%, 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 Awendaw at $248,500, the typical annual property tax bill amounts to $1,480, which is also below the national median of $2,690. Property taxes in Awendaw are based on the tax assessed value, often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Awendaw's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Awendaw or another part of Charleston County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Awendaw, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$1,168
Ownwell’s Awendaw Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Awendaw. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Awendaw to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Charleston County and is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Awendaw, South Carolina
Property taxes in Awendaw, South Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Awendaw is 0.47%, which is lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Awendaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Awendaw 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 Awendaw's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29429 zip code has the highest median property tax rate of 0.47%, while the 29429 zip code also has the lowest median tax rate of 0.47%. Understanding how these cities compare with Awendaw provides valuable insights into the varying tax landscape across Charleston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Awendaw Tax Rate
0.47%
Average Charleston County Tax Rate
0.53%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Awendaw, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29429 | 0.33% | 0.38% | 0.47% | 1.39% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Awendaw, South Carolina
In Awendaw, 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 Charleston 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 Awendaw, 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 Awendaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Awendaw is $248,500, with tax bills ranging from $629 at the 25th percentile to $4,814 at the 90th percentile. The zip code 29429 has the highest and lowest median tax bill of $1,480.
Property Tax Assessment Values Across Awendaw, South Carolina
Source: Ownwell
$2,700
$2,101,350
$4,200,000
Average Awendaw Assessed Value
$248,500
Average Charleston County Assessed Value
$305,700
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Awendaw, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29429 | $9,600 | $101,075 | $248,500 | $547,500 | $920,889 |
Source: Ownwell
Property Tax Bills Across Awendaw, South Carolina
In Awendaw, located in Charleston County, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Awendaw may see a range of property tax bills, influenced by factors such as property location, home size, and local tax rates. For instance, the median home price in Awendaw is $248,500. Property tax bills can vary significantly, with the 25th percentile at $629 and the 75th percentile at $2,837. The 90th percentile sees tax bills as high as $4,814. These figures reflect the variability in tax burdens across different properties. Homeowners need to be aware of how these taxes impact their annual expenses. Compared to the national median property tax rate of 0.99%, Awendaw's property taxes can be relatively high or low depending on the specific assessed value and applicable exemptions. Understanding these factors can help homeowners better manage their financial planning and property investments.
Average Awendaw Tax Bill
$1,480
Average Charleston County Tax Bill
$1,751
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Awendaw, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29429 | $192 | $629 | $1,480 | $2,837 | $4,814 |
Source: Ownwell