Campobello, South Carolina Property Taxes
The median property tax rate in Campobello, SC is 0.60%, 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 Campobello at $151,800, the typical annual property tax bill comes to $1,223, well below the national median of $2,690. Property taxes in Campobello are determined based on the assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Familiarizing yourself with Campobello's property tax system, exploring available exemptions, and identifying potential reductions can lead to significant annual savings. Whether you're in the heart of Campobello or another part of Spartanburg County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Campobello, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$911
Ownwell’s Campobello Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a quick way to estimate their annual property taxes in Campobello using just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Campobello to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, simply scroll down to discover localized information. Your property’s assessed value is determined by Spartanburg County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Campobello, South Carolina
Property taxes in Campobello, 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 Campobello is 0.60%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Campobello set these rates annually, and they can vary significantly across different neighborhoods. Each year, Campobello 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 Campobello's effective property tax rate to other areas in South Carolina and the national median. For comparison, the zip code 29322 has both the highest and lowest median property tax rate of 0.60%, mirroring Campobello's rate. Understanding how these areas compare with Campobello provides valuable insights into the varying tax landscape across Spartanburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Campobello Tax Rate
0.60%
Average Spartanburg County Tax Rate
0.63%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Campobello, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29322 | 0.26% | 0.43% | 0.60% | 0.77% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Campobello, South Carolina
In Campobello, 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 Spartanburg 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 Campobello, 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 instance, the median home price in Campobello is $151,800, with tax bills ranging from $560 at the 25th percentile to $3,300 at the 90th percentile. 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 Campobello helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Campobello, South Carolina
Source: Ownwell
$9,200
$124,850
$240,500
Average Campobello Assessed Value
$151,800
Average Spartanburg County Assessed Value
$171,600
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Campobello, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29322 | $10,800 | $37,800 | $151,800 | $314,100 | $500,760 |
Source: Ownwell
Property Tax Bills Across Campobello, South Carolina
In Campobello, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. For instance, with a median home price of $151,800, the assessed value is used to calculate the tax bill. Factors such as property improvements, location, and market trends can influence this assessed value. Homeowners in Campobello can expect a wide range in their property tax bills. The 25th percentile tax bill is approximately $560, while those in the 75th percentile pay around $2,118. At the higher end, the 90th percentile tax bill reaches up to $3,300. Compared to the national median property tax rate of 0.99%, these figures reflect the varying financial responsibilities of homeowners in the area. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average Campobello Tax Bill
$1,223
Average Spartanburg County Tax Bill
$1,309
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Campobello, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29322 | $210 | $560 | $1,223 | $2,118 | $3,300 |
Source: Ownwell