Batesburg, South Carolina Property Taxes
The median property tax rate in Batesburg, SC is 0.90%, slightly below the national median of 0.99% but higher than the South Carolina state median of 0.72%. With the median home value in Batesburg at $65,531, the typical annual property tax bill reaches $796, which is significantly lower than the national median of $2,690. Property taxes in Batesburg 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 Batesburg'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 Batesburg 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
Batesburg, South Carolina Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Batesburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Batesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Batesburg 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 Batesburg, South Carolina
Property taxes in Batesburg, South Carolina, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Batesburg is 0.90%, slightly below the U.S. national median of 0.99%. Local government entities within Batesburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Batesburg 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 Batesburg's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29006 zip code has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Batesburg provides valuable insights into the varying tax landscape across Lexington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Batesburg Tax Rate
0.90%
Average Lexington County Tax Rate
0.57%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Batesburg, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29006 | 0.27% | 0.60% | 0.90% | 2.63% | 3.07% |
Source: Ownwell
Property Tax Assessment Values Across Batesburg, South Carolina
In Batesburg, 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 Lexington 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 Batesburg, 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 Batesburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 29006 has the highest and lowest median tax bills at $796.
Property Tax Assessment Values Across Batesburg, South Carolina
Source: Ownwell
$24,100
$146,458
$268,816
Average Batesburg Assessed Value
$65,531
Average Lexington County Assessed Value
$147,464
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Batesburg, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29006 | $19,381 | $34,472 | $65,531 | $112,374 | $170,628 |
Source: Ownwell
Property Tax Bills Across Batesburg, South Carolina
In Batesburg, located in Lexington County, SC, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The assessment ratio and the local tax rate are key factors in calculating the final tax bill. For instance, with the median home price at $65,531, homeowners can expect property taxes to vary significantly. The tax bill at the 25th percentile is around $390, while at the 75th percentile, it jumps to $1,345, and it can reach up to $2,178 at the 90th percentile. The highest and lowest median tax bills in the area are both recorded at $796 in the 29006 zip code, indicating a relatively narrow range of tax bills for most properties. These property taxes can impact homeowners by influencing their overall housing costs and potentially affecting their long-term financial planning. Compared to the national median property tax rate of 0.99%, Batesburg's rates reflect the local economic conditions and governmental budgetary needs.
Average Batesburg Tax Bill
$796
Average Lexington County Tax Bill
$1,039
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Batesburg, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29006 | $163 | $390 | $796 | $1,345 | $2,178 |
Source: Ownwell