Graniteville, South Carolina Property Taxes
The median property tax rate in Graniteville, SC is 0.46%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Graniteville at $71,724, the typical annual property tax bill amounts to $527, well below the national median of $2,690. Property taxes in Graniteville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Graniteville'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 Graniteville 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
Graniteville, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$330
$306
Ownwell’s Graniteville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Graniteville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Graniteville 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 Aiken County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Graniteville, South Carolina
Property taxes in Graniteville, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Graniteville is 0.46%, lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Graniteville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Graniteville 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 Graniteville's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29829 zip code has both the highest and lowest median property tax rate of 0.46%. Understanding how these areas compare with Graniteville 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 Graniteville Tax Rate
0.46%
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 Graniteville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29829 | 0.32% | 0.43% | 0.46% | 1.39% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Graniteville, South Carolina
In Graniteville, 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 Graniteville, 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 Graniteville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $71,724, with the highest median tax bill recorded at $527 in zip code 29829.
Property Tax Assessment Values Across Graniteville, South Carolina
Source: Ownwell
$3,504
$96,907
$190,310
Average Graniteville Assessed Value
$71,724
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 Graniteville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29829 | $3,500 | $14,000 | $71,724 | $194,782 | $243,813 |
Source: Ownwell
Property Tax Bills Across Graniteville, South Carolina
In Graniteville, SC, located in Aiken County, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The median home price in Graniteville is $71,724. Property tax rates in this region are influenced by several factors, including local government budgets, school funding, and public service needs. The tax bill for homeowners in Graniteville can vary significantly, with the 25th percentile tax bill at $143 and the 75th percentile tax bill at $899. This means that while some homeowners pay relatively low property taxes, others may face higher bills depending on their property's assessed value and specific tax rate. The highest median tax bill in the area is $527, which is lower than the national median property tax rate of 0.99%. These variations can impact homeowners' financial planning and the overall affordability of owning property in Graniteville. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their budgets effectively.
Average Graniteville Tax Bill
$527
Average Aiken County Tax Bill
$442
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Graniteville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29829 | $65 | $143 | $527 | $899 | $1,270 |
Source: Ownwell