Greeleyville, South Carolina Property Taxes
The median property tax rate in Greeleyville, SC is 1.06%, slightly higher than the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Greeleyville at $21,775, the typical annual property tax bill is $184, which is significantly lower than the national median of $2,690. Property taxes in Greeleyville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Greeleyville'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 Greeleyville or another part of Williamsburg County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greeleyville, 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 Greeleyville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Greeleyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greeleyville to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and make informed financial decisions. For those interested in neighborhood-level trends, more localized information is available as you scroll down. Your property’s assessed value is determined by the county for property tax calculations, including any applicable exemptions.
Property Tax Rates Across Greeleyville, South Carolina
Property taxes in Greeleyville, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greeleyville is 1.06%, higher than the U.S. national median of 0.99%. Local government entities within Greeleyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greeleyville 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 Greeleyville's effective property tax rate to other areas and the national median. For comparison, the zip code 29056 has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these areas compare with Greeleyville provides valuable insights into the varying tax landscape across Williamsburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greeleyville Tax Rate
1.06%
Average Williamsburg County Tax Rate
1.16%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greeleyville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29056 | 0.13% | 0.19% | 1.06% | 2.14% | 3.30% |
Source: Ownwell
Property Tax Assessment Values Across Greeleyville, South Carolina
In Greeleyville, 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 Williamsburg 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 Greeleyville, 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 Greeleyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 29056 has the highest and lowest median tax bill at $184.
Property Tax Assessment Values Across Greeleyville, South Carolina
Source: Ownwell
$17,200
$26,000
$34,800
Average Greeleyville Assessed Value
$21,775
Average Williamsburg County Assessed Value
$21,858
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greeleyville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29056 | $5,150 | $8,468 | $21,775 | $55,225 | $133,441 |
Source: Ownwell
Property Tax Bills Across Greeleyville, South Carolina
In Greeleyville, located in Williamsburg County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Greeleyville is $21,775. Property tax rates are applied to this assessed value to determine the tax bill. For example, with a median tax bill of $184.00, homeowners can expect their taxes to be relatively low compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. The tax bill can vary significantly, with the 25th percentile at $105 and the 75th percentile at $394. For those at the 90th percentile, tax bills can go up to $901. These variations can impact homeowners differently, depending on the assessed value of their property and any exemptions they may qualify for. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Greeleyville Tax Bill
$184
Average Williamsburg County Tax Bill
$188
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Greeleyville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29056 | $29 | $105 | $184 | $394 | $901 |
Source: Ownwell