Bath, South Carolina Property Taxes
The median property tax rate in Bath, SC is 1.57%, significantly higher than both the national median of 0.99% and South Carolina's state median of 0.72%. With the median home value in Bath, the typical annual property tax bill reaches $124, which is considerably lower than the national median of $2,690. Property taxes in Bath 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 Bath'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 Bath 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
Bath, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$112
$104
Ownwell’s Bath Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bath with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bath to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more granular trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Bath, South Carolina
Property taxes in Bath, 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 Bath is 1.57%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Bath set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bath 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 Bath's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29816 zip code has the highest median property tax rate of 1.57%, while the same zip code also holds the lowest median tax rate of 1.57%. Understanding how these cities compare with Bath provides valuable insights into the varying tax landscape across Aiken County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bath Tax Rate
1.57%
Average Aiken County Tax Rate
0.59%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bath, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29816 | 1.25% | 1.25% | 1.57% | 1.99% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Bath, South Carolina
In Bath, 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 Aiken 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 Bath, 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. Bath has a median home price of $7,151, with tax bills ranging from $82 at the 25th percentile to $216 at the 90th percentile. The highest and lowest median tax bills are both $124 in the 29816 zip code. By understanding 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 Bath helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bath Assessed Value
$7,151
Average Aiken County Assessed Value
$71,607
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bath, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29816 | $4,442 | $5,855 | $7,151 | $8,974 | $11,334 |
Source: Ownwell
Property Tax Bills Across Bath, South Carolina
In Bath, located in Aiken County, SC, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is a percentage of the market value of the property, which is determined by the county assessor. This value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Bath experience varying tax bills, with the 25th percentile paying around $82, while those in the 75th percentile face bills of approximately $176. At the 90th percentile, tax bills can reach up to $216. Compared to the national median property tax rate of 0.99%, Bath's rates are relatively modest. The highest median tax bill in the area is $124, found in the 29816 zip code. These property taxes fund essential services such as public education, infrastructure, and emergency services, directly impacting the quality of life for Bath residents.
Average Bath Tax Bill
$124
Average Aiken County Tax Bill
$442
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Bath, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29816 | $59 | $82 | $124 | $176 | $216 |
Source: Ownwell