Six Mile, South Carolina Property Taxes
The median property tax rate in Six Mile, SC is 0.47%, 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 $161,300 in Six Mile, the typical annual property tax bill amounts to $992, which is well 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 Six Mile'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 Six Mile or another part of Pickens County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Six Mile, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$758
-$7,945
Ownwell’s Six Mile Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Six Mile with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Six Mile 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 Six Mile, South Carolina
Property taxes in Six Mile, 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 Six Mile is 0.47%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Six Mile set these rates annually, and they can vary significantly across different neighborhoods. Each year, Six Mile 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 Six Mile's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29682 zip code in Pickens County has the same median property tax rate of 0.47%. Understanding how these cities compare with Six Mile 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 Six Mile Tax Rate
0.47%
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 Six Mile, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29682 | 0.31% | 0.47% | 0.47% | 1.43% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Six Mile, South Carolina
In Six Mile, 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 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 Six Mile, 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 Six Mile helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Six Mile are both $992, found in the 29682 zip code.
Property Tax Assessment Values Across Six Mile, South Carolina
Source: Ownwell
$50,100
$350,050
$650,000
Average Six Mile Assessed Value
$161,300
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 Six Mile, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29682 | $43,080 | $91,904 | $161,300 | $370,000 | $1,169,120 |
Source: Ownwell
Property Tax Bills Across Six Mile, South Carolina
Property tax bills in Six Mile, SC, within Pickens County, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value typically represents a percentage of the property's market value. The local tax rate, or millage rate, is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the property tax bill, including property size, location, and any applicable exemptions or deductions. For example, the median home price in Six Mile is $161,300, and the property tax bill can vary significantly within this market. Homeowners in the 25th percentile pay around $501 annually, while those in the 75th percentile face tax bills of about $3,201. The highest tax bills, in the 90th percentile, can reach up to $9,203. Understanding these factors is crucial for homeowners as property taxes can significantly impact the overall cost of owning a home in Six Mile, SC. Comparing these figures to the national median property tax rate of 0.99% highlights the variability and potential financial implications for residents.
Average Six Mile Tax Bill
$992
Average Pickens County Tax Bill
$811
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Six Mile, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29682 | $261 | $501 | $992 | $3,201 | $9,203 |
Source: Ownwell