Belton, Anderson County, South Carolina Property Taxes
The median property tax rate in Belton, SC is 0.56%, 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 Belton, the typical annual property tax bill reaches $698, well below the national median of $2,690. Property taxes in Belton 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 Belton'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 Belton 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
Belton, Anderson County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$509
$472
Ownwell’s Belton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belton 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 Belton, Anderson County, South Carolina
Property taxes in Belton, 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 Belton is 0.56%, which is significantly lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Belton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belton 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 Belton's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29627 zip code has both the highest and lowest median property tax rate of 0.56%. Understanding how these cities compare with Belton provides valuable insights into the varying tax landscape across Anderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belton Tax Rate
0.56%
Average Anderson County Tax Rate
0.55%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belton, Anderson County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29627 | 0.21% | 0.39% | 0.56% | 1.58% | 2.80% |
Source: Ownwell
Property Tax Assessment Values Across Belton, Anderson County, South Carolina
In Belton, 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 Anderson 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 Belton, 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 Belton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Belton is $90,920, with the highest median tax bill being $698 in the 29627 zip code.
Property Tax Assessment Values Across Belton, Anderson County, South Carolina
Source: Ownwell
$39,580
$147,245
$254,910
Average Belton Assessed Value
$90,920
Average Anderson County Assessed Value
$138,430
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belton, Anderson County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29627 | $13,343 | $33,572 | $90,920 | $170,960 | $287,708 |
Source: Ownwell
Property Tax Bills Across Belton, Anderson County, South Carolina
In Belton, Anderson County, SC, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including the property's location, size, and any applicable exemptions or deductions. For homeowners in Belton, the median home price is $90,920. Property tax bills can vary significantly, with the 25th percentile at $312 and the 75th percentile at $1,258. The 90th percentile tax bill reaches up to $2,064. These variations reflect differences in home values and any special tax provisions. Compared to the national median property tax rate of 0.99%, Belton's property tax rates can be relatively manageable, offering some relief to homeowners. However, understanding these factors and how they influence your tax bill is crucial for effective financial planning and ensuring you take advantage of any available tax benefits.
Average Belton Tax Bill
$698
Average Anderson County Tax Bill
$929
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Belton, Anderson County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29627 | $114 | $312 | $698 | $1,258 | $2,064 |
Source: Ownwell