North Charleston, South Carolina Property Taxes
The median property tax rate in North Charleston, SC is 0.99%, aligning with the national median but significantly higher than the South Carolina state median of 0.72%. With a median home value of $130,000 in North Charleston, the typical annual property tax bill amounts to $998, which is below the national median of $2,690. Property taxes in North Charleston are determined based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding the local property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of North Charleston or another part of the city, grasping the intricacies of the property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Charleston, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,287
Ownwell’s North Charleston Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in North Charleston using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Charleston to provide an estimated property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 North Charleston, South Carolina
Property taxes in North Charleston, South Carolina, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in North Charleston is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within North Charleston set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Charleston 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 North Charleston's effective property tax rate to other areas in Charleston County and the national median. For comparison, the 29406 zip code has the highest median property tax rate of 1.24%, while the 29420 zip code has the lowest median tax rate of 0.62%. Understanding how these areas compare with North Charleston 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 North Charleston Tax Rate
0.99%
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 North Charleston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29405 | 0.35% | 0.54% | 1.01% | 1.56% | 2.06% |
| 29406 | 0.40% | 0.53% | 1.24% | 2.10% | 3.61% |
| 29418 | 0.41% | 0.54% | 0.92% | 1.84% | 2.86% |
| 29420 | 0.31% | 0.46% | 0.62% | 1.34% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across North Charleston, South Carolina
In North Charleston, 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 North Charleston, 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 North Charleston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $1,086 in the 29405 zip code, while the lowest median tax bill is $874 in the 29406 zip code.
Property Tax Assessment Values Across North Charleston, South Carolina
Source: Ownwell
$2,700
$2,101,350
$4,200,000
Average North Charleston Assessed Value
$130,000
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 North Charleston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29405 | $46,900 | $70,700 | $115,300 | $229,400 | $325,560 |
| 29406 | $4,400 | $30,000 | $98,400 | $184,425 | $224,500 |
| 29418 | $6,400 | $82,625 | $138,300 | $185,000 | $228,940 |
| 29420 | $15,190 | $125,575 | $152,650 | $190,100 | $224,670 |
Source: Ownwell
Property Tax Bills Across North Charleston, South Carolina
Property tax bills in North Charleston, located in Charleston County, SC, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by county assessors. Several factors influence the tax bill, including property size, location, and improvements. For instance, the median home price in North Charleston is $130,000, and property tax rates are applied accordingly. Homeowners in North Charleston can expect tax bills ranging from $556 at the 25th percentile to $2,825 at the 90th percentile, with the highest median tax bill in the 29405 zip code being $1,086. Conversely, the lowest median tax bill in the 29406 zip code is $874. These figures highlight the variability in property tax bills within the city, influenced by the assessed value and specific local tax rates. Understanding these factors can help homeowners anticipate their annual property tax obligations and budget accordingly.
Average North Charleston Tax Bill
$998
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 North Charleston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29405 | $322 | $647 | $1,086 | $1,866 | $3,057 |
| 29406 | $149 | $297 | $874 | $1,341 | $2,405 |
| 29418 | $185 | $480 | $972 | $1,536 | $2,770 |
| 29420 | $302 | $607 | $985 | $1,507 | $2,826 |
Source: Ownwell