Enoree, South Carolina Property Taxes
The median property tax rate in Enoree, SC is 0.56%, considerably lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Enoree at $49,700, the typical annual property tax bill is $495, significantly below the national median of $2,690. Property taxes in Enoree are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Enoree'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 Enoree 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
Enoree, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$278
Ownwell’s Enoree Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Enoree with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enoree 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 Enoree, South Carolina
Property taxes in Enoree, South Carolina, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Enoree is 0.56%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Enoree set these rates annually, and they can vary across different neighborhoods. Each year, Enoree 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 Enoree's effective property tax rate to other areas in South Carolina and the national median. For comparison, the zip code 29335 has the highest median property tax rate of 0.56%, while the same zip code also has the lowest median tax rate of 0.56%. Understanding how these areas compare with Enoree 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 Enoree Tax Rate
0.56%
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 Enoree, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29335 | 0.17% | 0.31% | 0.56% | 1.33% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Enoree, South Carolina
In Enoree, 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 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 Enoree, 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. For instance, in the 29335 zip code, the median tax bill is $495. Being aware of these valuation processes in Enoree helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Enoree Assessed Value
$49,700
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 Enoree, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29335 | $5,600 | $17,700 | $49,700 | $121,625 | $238,391 |
Source: Ownwell
Property Tax Bills Across Enoree, South Carolina
In Enoree, property tax bills are calculated based on the assessed value of your home, which is determined by the Spartanburg County Assessor's Office. The median home price in Enoree is $49,700, and the tax rate is applied to this assessed value. The factors considered in determining the tax bill include the property's assessed value, the local tax rate, and any applicable exemptions or deductions. For homeowners, this means that the amount they owe in property taxes can vary significantly. For example, at the 25th percentile, the tax bill is $212, while at the 75th percentile, it rises to $945. At the 90th percentile, homeowners might pay up to $1,609. These figures indicate that property taxes in Enoree can have a wide range, affecting homeowners differently based on their property's assessed value and any qualifying exemptions. With the national median property tax rate at 0.99%, Enoree's property tax rates provide a comparative perspective on how local property taxes can impact financial planning for homeowners.
Average Enoree Tax Bill
$495
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 Enoree, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29335 | $79 | $212 | $495 | $945 | $1,609 |
Source: Ownwell