Jackson, South Carolina Property Taxes
The median property tax rate in Jackson, SC is 1.02%, slightly above the national median of 0.99% and significantly higher than the South Carolina state median of 0.72%. With a median home value of $26,750 in Jackson, the typical annual property tax bill amounts to $228, which is notably lower than the national median of $2,690. Property taxes in Jackson 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 Jackson'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 Jackson 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
Jackson, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$273
$253
Ownwell’s Jackson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jackson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jackson 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 Jackson, South Carolina
Property taxes in Jackson, 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 Jackson is 1.02%, higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Jackson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jackson 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 Jackson's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29831 zip code has the highest median property tax rate of 1.02%, while the 29831 zip code also has the lowest median tax rate of 1.02%. Understanding how these areas compare with Jackson 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 Jackson Tax Rate
1.02%
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 Jackson, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29831 | 0.36% | 0.50% | 1.02% | 1.56% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Jackson, South Carolina
In Jackson, 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 Assessor's Office 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 Jackson, 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 Jackson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Jackson is $228 in zip code 29831, while the lowest median tax bill is also $228 in the same zip code.
Average Jackson Assessed Value
$26,750
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 Jackson, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29831 | $4,680 | $8,000 | $26,750 | $87,403 | $149,092 |
Source: Ownwell
Property Tax Bills Across Jackson, South Carolina
In Jackson, located in Aiken County, SC, property tax bills are determined by assessing the value of a homeowner's property and applying the local tax rate. The assessed value is based on a percentage of the property's market value, which in Jackson, has a median home price of $26,750. The local tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including property improvements, location, and any applicable exemptions. Homeowners in Jackson experience varying property tax bills. For example, tax bills at the 25th percentile are around $93, while those at the 75th percentile can reach up to $598. At the 90th percentile, homeowners might see tax bills as high as $1,098. Compared to the national median property tax rate of 0.99%, Jackson's property tax bills are relatively modest, reflecting the lower property values in the area. This system ensures that property taxes are proportionate to the property's value, impacting homeowners differently based on their property's assessed worth.
Average Jackson Tax Bill
$228
Average Aiken County Tax Bill
$442
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Jackson, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29831 | $53 | $93 | $228 | $598 | $1,098 |
Source: Ownwell