North, South Carolina Property Taxes
The median property tax rate in North, SC is 0.83%, slightly lower than the national median of 0.99% but higher than South Carolina's state median of 0.72%. With a median home value of $24,300, the typical annual property tax bill in North is $384, significantly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding North's 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 or another part of Orangeburg County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North, 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 NORTH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NORTH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NORTH 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 North, South Carolina
Property taxes in North, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within North set these rates annually, and they can vary significantly across different neighborhoods. Each year, North 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's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29112 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with North provides valuable insights into the varying tax landscape across Orangeburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Tax Rate
0.83%
Average Orangeburg County Tax Rate
0.81%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across North, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29112 | 0.29% | 0.64% | 0.83% | 2.44% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across North, South Carolina
In North, 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 Orangeburg 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 North, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 29112 has both the highest and lowest median tax bill, at $384.
Average North Assessed Value
$24,300
Average Orangeburg County Assessed Value
$41,835
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29112 | $2,962 | $6,345 | $24,300 | $69,755 | $127,032 |
Source: Ownwell
Property Tax Bills Across North, South Carolina
In North, located in Orangeburg County, SC, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in this area is $24,300. Local tax rates are then applied to this assessed value to determine the annual tax bill. For North, the tax bills can vary significantly. At the 25th percentile, homeowners can expect to pay around $152, while those at the 75th percentile pay approximately $812. For the top 10% of home values, the tax bill can reach up to $1,366. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, North's tax rates offer a relatively affordable option for homeowners. Understanding these factors can help homeowners budget more effectively and take advantage of potential savings through exemptions or appeals.
Average North Tax Bill
$384
Average Orangeburg County Tax Bill
$620
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across North, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29112 | $80 | $152 | $384 | $812 | $1,366 |
Source: Ownwell