Rowesville, South Carolina Property Taxes
The median property tax rate in Rowesville, SC is 0.94%, slightly below the national median of 0.99% but higher than the South Carolina state median of 0.72%. Given the median home value in Rowesville, the typical annual property tax bill amounts to $431, which is significantly lower than the national median of $2,690. Property taxes in Rowesville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Rowesville'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 Rowesville 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
Rowesville, 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 Rowesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rowesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rowesville 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 Rowesville, South Carolina
Property taxes in Rowesville, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rowesville is 0.94%, slightly lower than the U.S. national median of 0.99%. Local government entities within Rowesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rowesville 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 Rowesville's effective property tax rate to other areas in Orangeburg County and the national median. For comparison, the 29133 zip code has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how Rowesville compares with these areas 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 Rowesville Tax Rate
0.94%
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 Rowesville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29133 | 0.29% | 0.62% | 0.94% | 2.43% | 2.66% |
Source: Ownwell
Property Tax Assessment Values Across Rowesville, South Carolina
In Rowesville, 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 Assessor 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 Rowesville, 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 Rowesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 29133 has both the highest and lowest median tax bills at $431.
Property Tax Assessment Values Across Rowesville, South Carolina
Source: Ownwell
$22,130
$128,775
$235,420
Average Rowesville Assessed Value
$27,025
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 Rowesville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29133 | $4,190 | $8,900 | $27,025 | $75,075 | $135,375 |
Source: Ownwell
Property Tax Bills Across Rowesville, South Carolina
Property tax bills in Rowesville, located in Orangeburg County, SC, are calculated based on the assessed value of a property and the local tax rate. The median home price in Rowesville is $27,025, and the tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, market conditions, and local government budgets can influence the assessed value and, consequently, the tax bill. For homeowners, understanding these factors is crucial as they directly affect the financial obligations tied to property ownership. The tax bill can vary significantly, with the 25th percentile at $182 and the 75th percentile reaching $865. At the higher end, the 90th percentile tax bill can be as much as $1,503. This range indicates the variability in property taxes within the area, influenced by property values and individual assessments. Compared to the national median property tax rate of 0.99%, Rowesville's property taxes reflect the local economic conditions and property values.
Average Rowesville Tax Bill
$431
Average Orangeburg County Tax Bill
$620
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Rowesville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29133 | $114 | $182 | $431 | $865 | $1,503 |
Source: Ownwell