Bethune, South Carolina Property Taxes
The median property tax rate in Bethune, SC is 0.47%, 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 Bethune, the typical annual property tax bill reaches $24, far below the national median of $2,690. Property taxes in Bethune 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 Bethune'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 Bethune 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
Bethune, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$23
Ownwell’s Bethune Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bethune with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bethune to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by Chesterfield County for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Bethune, South Carolina
Property taxes in Bethune, 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 Bethune is 0.47%, significantly lower than both the South Carolina state median of 0.50% and the U.S. national median of 0.99%. Local government entities within Bethune set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bethune 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 Bethune's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29009 zip code has the highest median property tax rate of 0.47%, while the 29009 zip code also has the lowest median tax rate of 0.47%. Understanding how these cities compare with Bethune provides valuable insights into the varying tax landscape across Chesterfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bethune Tax Rate
0.47%
Average Chesterfield County Tax Rate
0.41%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bethune, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29009 | 0.36% | 0.47% | 0.47% | 0.47% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Bethune, South Carolina
In Bethune, 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 Chesterfield 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 Bethune, 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. For instance, homeowners in the 29009 zip code with the highest tax bills see amounts around $230, while those with the lowest tax bills pay approximately $24. Being aware of these valuation processes in Bethune helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bethune Assessed Value
$5,000
Average Chesterfield County Assessed Value
$6,000
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bethune, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29009 | $5,000 | $5,000 | $5,000 | $7,000 | $39,840 |
Source: Ownwell
Property Tax Bills Across Bethune, South Carolina
In Bethune, located in Chesterfield County, SC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value of the property. Factors such as the size of the home, location, and any improvements or renovations can influence this assessed value. For homeowners in Bethune, the property tax rate is a crucial determinant of their annual tax bill. The tax bill can vary widely; for example, the 25th percentile tax bill is around $24, while the 75th percentile reaches approximately $38. However, at the 90th percentile, some homeowners may see tax bills as high as $230. These variations highlight how different factors can impact the overall tax burden. Compared to the national median property tax rate of 0.99%, Bethune's property tax rates can be relatively modest, making it an attractive location for homeowners looking to manage their property tax expenses.
Average Bethune Tax Bill
$24
Average Chesterfield County Tax Bill
$26
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Bethune, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29009 | $18 | $24 | $24 | $38 | $230 |
Source: Ownwell