Jamestown, South Carolina Property Taxes
The median property tax rate in Jamestown, SC is 2.90%, 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 Jamestown, the typical annual property tax bill reaches $191, which is significantly lower than the national median of $2,690. Property taxes in Jamestown 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 Jamestown'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 Jamestown 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
Jamestown, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.9%
Estimate Property Tax Bill
$191
Ownwell’s Jamestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jamestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jamestown 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 Jamestown, South Carolina
Property taxes in Jamestown, South Carolina, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamestown is 2.90%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Jamestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jamestown 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 Jamestown's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29453 has the highest median property tax rate of 2.90%, while the same zip code also has the lowest median tax rate of 2.90%. Understanding how these cities compare with Jamestown 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 Jamestown Tax Rate
2.90%
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 Jamestown, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29453 | 2.90% | 2.90% | 2.90% | 2.90% | 2.90% |
Source: Ownwell
Property Tax Assessment Values Across Jamestown, South Carolina
In Jamestown, 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 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 Jamestown, 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 Jamestown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 29453 at $191, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across Jamestown, South Carolina
Source: Ownwell
$2,700
$2,101,350
$4,200,000
Average Jamestown Assessed Value
$6,600
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 Jamestown, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29453 | $6,600 | $6,600 | $6,600 | $6,600 | $6,600 |
Source: Ownwell
Property Tax Bills Across Jamestown, South Carolina
In Jamestown, SC, property tax bills are calculated based on the assessed value of the property, which is derived from the market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For example, with a median home price of $6,600, homeowners in Jamestown can expect a median property tax bill of $191. This figure remains consistent across various percentiles, including the 25th, 75th, and 90th percentiles, indicating a uniform tax rate application in the region. Factors that influence the tax bill include the property's assessed value and any applicable exemptions or deductions that homeowners might qualify for. This relatively low property tax rate can be a significant advantage for homeowners, especially when compared to the national median property tax rate of 0.99%. Lower property taxes can make homeownership more affordable and appealing, potentially contributing to a stable and attractive real estate market in Jamestown.
Average Jamestown Tax Bill
$191
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 Jamestown, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29453 | $191 | $191 | $191 | $191 | $191 |
Source: Ownwell