Saint Matthews, South Carolina Property Taxes
The median property tax rate in Saint Matthews, SC is 2.39%, significantly higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Saint Matthews at $26,250, the typical annual property tax bill reaches $420, which is considerably lower than the national median of $2,690. Property taxes in Saint Matthews are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Matthews' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Saint Matthews 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
Saint Matthews, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.39%
Estimate Property Tax Bill
$627
Ownwell’s Saint Matthews Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Matthews with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Matthews 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 Saint Matthews, South Carolina
Property taxes in Saint Matthews, 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 Saint Matthews is 0.56%, significantly lower than both the South Carolina state median of 0.56% and the U.S. national median of 0.99%. Local government entities within Saint Matthews set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Matthews 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 Saint Matthews' effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29135 zip code has the highest median property tax rate of 0.56%, while the 29135 zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Saint Matthews provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Matthews Tax Rate
2.39%
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 Saint Matthews, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29135 | 0.37% | 0.76% | 2.39% | 2.46% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Saint Matthews, South Carolina
In Saint Matthews, 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 Saint Matthews, 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 Saint Matthews helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $420, found in the 29135 zip code.
Property Tax Assessment Values Across Saint Matthews, South Carolina
Source: Ownwell
$22,130
$128,775
$235,420
Average Saint Matthews Assessed Value
$26,250
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 Saint Matthews, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29135 | $2,760 | $10,800 | $26,250 | $53,100 | $101,186 |
Source: Ownwell
Property Tax Bills Across Saint Matthews, South Carolina
Property tax bills in Saint Matthews, Orangeburg County, SC, are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For instance, a property with a median home price of $26,250 might see tax bills ranging from $197 at the 25th percentile to $795 at the 75th percentile, with the 90th percentile reaching up to $1,742. Factors influencing these tax bills include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Saint Matthews should be aware that their property tax bills can significantly impact their annual expenses. Compared to the national median property tax rate of 0.99%, the rates in Saint Matthews may offer some relief to homeowners. However, it's crucial for homeowners to regularly review their property's assessed value and ensure they are benefiting from all possible exemptions to optimize their tax obligations.
Average Saint Matthews Tax Bill
$420
Average Orangeburg County Tax Bill
$620
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Matthews, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29135 | $95 | $197 | $420 | $795 | $1,742 |
Source: Ownwell