Sunset, South Carolina Property Taxes
The median property tax rate in Sunset, SC is 0.67%, which is notably lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Sunset, the typical annual property tax bill amounts to $4,904, surpassing the national median of $2,690. Property taxes in Sunset are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sunset'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 Sunset 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
Sunset, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$4,355
Ownwell’s SUNSET Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SUNSET with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SUNSET 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 Sunset, South Carolina
Property taxes in Sunset, 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 Sunset is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Sunset set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sunset 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 Sunset's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29685 has both the highest and lowest median property tax rate of 0.67%. Understanding how these cities compare with Sunset 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 Sunset Tax Rate
0.67%
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 Sunset, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29685 | 0.44% | 0.47% | 0.67% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Sunset, South Carolina
In Sunset, 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's Office 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 Sunset, 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. For example, the highest median tax bill in the area is $4,904 in the 29685 zip code. 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 Sunset helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sunset Assessed Value
$650,000
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 Sunset, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29685 | $76,250 | $154,925 | $650,000 | $1,180,800 | $1,725,150 |
Source: Ownwell
Property Tax Bills Across Sunset, South Carolina
In Sunset, located in Pickens County, SC, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Various factors, such as property size, location, and improvements, influence the assessed value. For homeowners in Sunset, the median home price is $650,000. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,462 and the 75th percentile tax bill reaching $10,602. At the 90th percentile, homeowners might see tax bills as high as $20,710. These variations are influenced by differences in property values and local tax rates. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. Homeowners in Sunset should be aware of these factors as they directly impact their annual financial obligations.
Average Sunset Tax Bill
$4,904
Average Pickens County Tax Bill
$811
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Sunset, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29685 | $472 | $1,462 | $4,904 | $10,602 | $20,710 |
Source: Ownwell