Pendleton, South Carolina Property Taxes
The median property tax rate in Pendleton, SC is 0.75%, slightly higher than the state median of 0.72% but lower than the national median of 0.99%. With a median home value of $164,000, the typical annual property tax bill in Pendleton is $1,185, which is below the national median of $2,690. Property taxes in Pendleton are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Pendleton'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 Pendleton 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
Pendleton, South Carolina Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Pendleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pendleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pendleton 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 Pendleton, South Carolina
Property taxes in Pendleton, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pendleton is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Pendleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pendleton 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. Understanding how Pendleton's effective property tax rate compares to other areas in Anderson County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pendleton Tax Rate
0.75%
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 Pendleton, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29670 | 0.29% | 0.51% | 0.75% | 1.40% | 2.35% |
Source: Ownwell
Property Tax Assessment Values Across Pendleton, South Carolina
In Pendleton, 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 Pendleton, 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. The median home price in Pendleton is $164,000, with tax bills ranging from $611 at the 25th percentile to $3,215 at the 90th percentile. The highest and lowest median tax bills are both $1,185 in zip code 29670. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pendleton, South Carolina
Source: Ownwell
$39,580
$147,245
$254,910
Average Pendleton Assessed Value
$164,000
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 Pendleton, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29670 | $25,940 | $76,470 | $164,000 | $238,750 | $348,540 |
Source: Ownwell
Property Tax Bills Across Pendleton, South Carolina
In Pendleton, SC, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the tax bill. For example, with a median home price of $164,000, the tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $611, while those in the 75th percentile might see bills as high as $2,186. In some cases, tax bills can reach up to $3,215 for those in the 90th percentile. These calculations take into account factors such as the property's location within Anderson County, its market value, and any applicable exemptions. The median property tax rate in Pendleton is 0.99%, aligning with the national average. This rate ensures that homeowners contribute a fair share to local services and infrastructure. Understanding these factors can help homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Pendleton Tax Bill
$1,185
Average Anderson County Tax Bill
$929
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Pendleton, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29670 | $221 | $611 | $1,185 | $2,186 | $3,215 |
Source: Ownwell