Belton, South Carolina Property Taxes
The median property tax rate in Belton, SC is 0.50%, 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 Belton at $133,850, the typical annual property tax bill reaches $378, significantly below the national median of $2,690. Property taxes in Belton 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 Belton'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 Belton 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
Belton, 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 Belton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belton 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 Belton, South Carolina
Property taxes in Belton, 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 Belton is 0.50%, which is significantly lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Belton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belton 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 Belton's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29627 has the highest median property tax rate of 0.50%, while the same zip code also has the lowest median tax rate of 0.50%. Understanding how these cities compare with Belton provides valuable insights into the varying tax landscape across Abbeville County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belton Tax Rate
0.50%
Average Abbeville County Tax Rate
0.76%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belton, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29627 | 0.11% | 0.18% | 0.50% | 0.90% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Belton, South Carolina
In Belton, 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 local 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 Belton, 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. Belton's median home price stands at $133,850, with tax bills ranging from $179 at the 25th percentile to $1,063 at the 90th percentile. The zip code 29627 has both the highest and lowest median tax bill at $378. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Belton Assessed Value
$133,850
Average Abbeville County Assessed Value
$33,600
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belton, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29627 | $12,520 | $70,300 | $133,850 | $232,350 | $309,800 |
Source: Ownwell
Property Tax Bills Across Belton, South Carolina
In Belton, located in Abbeville County, SC, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the home's market value, local tax rates, and any applicable exemptions or deductions. For instance, the median home price in Belton is $133,850. Homeowners in the 25th percentile can expect a tax bill around $179, while those in the 75th percentile might see a bill closer to $676. At the 90th percentile, tax bills can reach up to $1,063. These property taxes significantly influence homeowners' annual expenses, impacting their overall cost of living. Compared to the national median property tax rate of 0.99%, Belton's rates can vary widely, reflecting the diverse economic landscape of the area. Understanding these factors can help homeowners better anticipate their financial obligations.
Average Belton Tax Bill
$378
Average Abbeville County Tax Bill
$277
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Belton, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29627 | $150 | $179 | $378 | $676 | $1,063 |
Source: Ownwell