Greenwood, Abbeville County, South Carolina Property Taxes
Median Greenwood, SC effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Greenwood, SC home value: $42,600
Median annual Greenwood, SC tax bill: $397, $2,003 lower than the national median property tax bill of $2,400.
How are property taxes in Abbeville calculated?
Property taxes in Greenwood, SC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Greenwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Greenwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Greenwood, Abbeville County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$260
$241
Property Tax Rates Across Greenwood, Abbeville County, South Carolina
Local government entities set tax rates, which can vary widely within a state. The process involves each county annually estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Greenwood, located in the county of Abbeville, the effective property tax rate is 0.61%. This is lower than the national median property tax rate of 1.02% and reflects the diverse property tax landscape within South Carolina. The highest median tax rate in the area is 1.17% in the zip code 29649, while the lowest is 0.51% in the zip code 29646. These variations highlight the importance of understanding local property tax rates, as they can significantly impact your tax bill. Comparing Greenwood's rate to other cities in South Carolina and the national average provides valuable insight for property owners seeking to manage their tax liabilities effectively.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Greenwood Tax Rate
0.61%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Abbeville County Tax Rate
0.76%
Median Effective South Carolina Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Greenwood, Abbeville County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29646 | 0.26% | 0.38% | 0.51% | 0.73% | 1.94% |
| 29649 | 0.29% | 0.42% | 1.17% | 1.68% | 2.62% |
Source: Ownwell
Property Tax Assessment Values Across Greenwood, Abbeville County, South Carolina
When examining property taxes in Greenwood, SC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Abbeville County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Abbeville County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Greenwood. For example, the median home price in Greenwood is $42,600, with tax bills ranging significantly across the county. Zip code 29646 has the highest median home price at $168,850.
Property Tax Assessment Values Across Greenwood, Abbeville County, South Carolina
Source: Ownwell
$17,850
$93,350
$168,850
Median Greenwood Market Value
$42,600
Median Abbeville County Market Value
$33,600
Median South Carolina Market Value
$140,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Greenwood, Abbeville County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29646 | $34,370 | $87,600 | $168,850 | $270,400 | $311,600 |
| 29649 | $3,590 | $10,475 | $17,850 | $40,725 | $224,125 |
Source: Ownwell
Property Tax Bills Across Greenwood, Abbeville County, South Carolina
Median Greenwood Tax Bill
$397
Median Abbeville County Tax Bill
$277
Median South Carolina Tax Bill
$1,086
Median United States Tax Bill
$2,400
Property Tax Bills Across Greenwood, Abbeville County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29646 | $329 | $455 | $684 | $1,138 | $2,568 |
| 29649 | $100 | $126 | $170 | $375 | $856 |
Source: Ownwell