Cleveland, South Carolina Property Taxes
The median property tax rate in Cleveland, SC is 0.48%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $185,150 in Cleveland, the typical annual property tax bill amounts to $1,032, which is well below the national median of $2,690. Property taxes in Cleveland are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Cleveland'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 Cleveland or another part of Pickens County, comprehending the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Cleveland, 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 Cleveland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cleveland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cleveland 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 Cleveland, South Carolina
Property taxes in Cleveland, 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 Cleveland is 0.48%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Cleveland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cleveland 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 Cleveland's effective property tax rate to other areas in South Carolina and the national median. For comparison, the zip code 29635 has both the highest and lowest median property tax rate of 0.48%, indicating uniformity in tax rates within this region. Understanding how these areas compare with Cleveland provides valuable insights into the varying tax landscape across Pickens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cleveland Tax Rate
0.48%
Average Pickens County Tax Rate
0.47%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cleveland, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29635 | 0.31% | 0.40% | 0.48% | 0.87% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Cleveland, South Carolina
In Cleveland, 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 Pickens 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 Cleveland, 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 Cleveland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 29635, amounting to $1,032, while the lowest also stands at $1,032.
Property Tax Assessment Values Across Cleveland, South Carolina
Source: Ownwell
$50,100
$350,050
$650,000
Average Cleveland Assessed Value
$185,150
Average Pickens County Assessed Value
$142,700
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cleveland, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29635 | $70,800 | $114,266 | $185,150 | $261,871 | $333,694 |
Source: Ownwell
Property Tax Bills Across Cleveland, South Carolina
In Cleveland, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Pickens County can expect a range of tax bills depending on their property's assessed value. For instance, the median home price in Cleveland is $185,150. Property tax bills in this area can vary widely, with the 25th percentile at $613 and the 75th percentile reaching $1,531. At the 90th percentile, homeowners might see tax bills as high as $2,870. The highest and lowest median tax bills in the area are both recorded at $1,032 in the 29635 zip code. These tax bills are influenced by several factors, including local tax rates and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Cleveland may find their tax obligations either more or less burdensome, impacting their overall financial planning and homeownership costs. Understanding these elements is crucial for homeowners to manage their expenses effectively.
Average Cleveland Tax Bill
$1,032
Average Pickens County Tax Bill
$811
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Cleveland, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29635 | $352 | $613 | $1,032 | $1,531 | $2,870 |
Source: Ownwell