Mcclellanville, South Carolina Property Taxes
The median property tax rate in McClellanville, SC is 3.19%, significantly higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in McClellanville, the typical annual property tax bill reaches $166, which is considerably lower than the national median of $2,690. Property taxes in McClellanville 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 McClellanville'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 McClellanville 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
Mcclellanville, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.19%
Estimate Property Tax Bill
$166
Ownwell’s MCCLELLANVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MCCLELLANVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MCCLELLANVILLE 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 Mcclellanville, South Carolina
Property taxes in McClellanville, South Carolina, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in McClellanville is 3.19%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within McClellanville set these rates annually, and they can vary significantly across different neighborhoods. Each year, McClellanville 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 McClellanville's effective property tax rate to other areas in South Carolina and the national median. For comparison, the zip code 29458 has both the highest and lowest median property tax rate of 3.19%. Understanding how these areas compare with McClellanville 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 Mcclellanville Tax Rate
3.19%
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 Mcclellanville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29458 | 1.58% | 2.70% | 3.19% | 3.46% | 3.57% |
Source: Ownwell
Property Tax Assessment Values Across Mcclellanville, South Carolina
In McClellanville, 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 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. In McClellanville, 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 McClellanville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $166.00, found in zip code 29458.
Property Tax Assessment Values Across Mcclellanville, South Carolina
Source: Ownwell
$2,700
$2,101,350
$4,200,000
Average Mcclellanville Assessed Value
$5,200
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 Mcclellanville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29458 | $3,220 | $3,400 | $5,200 | $14,200 | $30,880 |
Source: Ownwell
Property Tax Bills Across Mcclellanville, South Carolina
In McClellanville, located in Charleston County, SC, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in McClellanville is $5,200, significantly lower than the national median. Homeowners can expect their tax bills to vary, with the 25th percentile at $118 and the 75th percentile at $351. The highest median tax bill recorded is $166.00, which is consistent across the zip code 29458. Several factors influence the property tax bill, including the assessed value of the property and the local tax rate. These taxes fund essential community services such as schools, public safety, and infrastructure. For homeowners, understanding how these elements interact can help in financial planning and potentially appealing an assessed value if it seems disproportionate. Lower property values in McClellanville generally translate to lower tax bills, providing some relief compared to the national median property tax rate of 0.99%.
Average Mcclellanville Tax Bill
$166
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 Mcclellanville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29458 | $115 | $118 | $166 | $351 | $371 |
Source: Ownwell