Gloverville, South Carolina Property Taxes
The median property tax rate in Gloverville, SC is 1.49%, considerably higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Gloverville, the typical annual property tax bill reaches $180, which is significantly lower than the national median of $2,690. Property taxes in Gloverville 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 Gloverville'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 Gloverville 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
Gloverville, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$288
$268
Ownwell’s Gloverville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gloverville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gloverville 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 Gloverville, South Carolina
Property taxes in Gloverville, South Carolina, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Gloverville is 1.49%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Gloverville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gloverville 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 Gloverville's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29828 zip code has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Gloverville 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 Gloverville Tax Rate
1.49%
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 Gloverville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29828 | 0.28% | 0.51% | 1.49% | 1.68% | 2.06% |
Source: Ownwell
Property Tax Assessment Values Across Gloverville, South Carolina
In Gloverville, 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 Gloverville, 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. For instance, the highest median tax bill in the area is $180.00 in zip code 29828, which is also the lowest median tax bill, indicating a uniformity in tax assessments. 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 Gloverville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Gloverville, South Carolina
Source: Ownwell
$3,504
$96,907
$190,310
Average Gloverville Assessed Value
$19,352
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 Gloverville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29828 | $3,060 | $6,000 | $19,352 | $53,896 | $92,182 |
Source: Ownwell
Property Tax Bills Across Gloverville, South Carolina
In Gloverville, located in Aiken County, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the county’s tax assessor. The assessed value is a percentage of the property’s market value. This value is then multiplied by the local tax rate to determine the tax bill. For example, the median home price in Gloverville is $19,352, leading to varying tax bills across different percentiles. Homeowners at the 25th percentile pay around $89, while those at the 75th percentile face a tax bill of approximately $403. At the 90th percentile, the tax bill can go up to $688. These property tax bills have a significant impact on homeowners, influencing their annual financial planning. Compared to the national median property tax rate of 0.99%, Gloverville's relatively low median tax bill of $180 in the zip code 29828 makes it a more affordable area for property owners. Understanding these factors helps homeowners anticipate their annual expenses and budget accordingly.
Average Gloverville Tax Bill
$180
Average Aiken County Tax Bill
$442
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Gloverville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29828 | $55 | $89 | $180 | $403 | $688 |
Source: Ownwell