Townville, South Carolina Property Taxes
The median property tax rate in Townville, SC is 0.60%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $183,060 in Townville, the typical annual property tax bill is $1,295, well below the national median of $2,690. Property taxes in Townville are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Townville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Townville or another part of Anderson County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Townville, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,098
Ownwell’s Townville Property Tax Bill Calculator aids homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Townville using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Townville to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in more localized trends, additional neighborhood-level information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Townville, South Carolina
Property taxes in Townville, 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 Townville is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Townville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Townville 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 Townville's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29689 zip code has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these areas compare with Townville 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 Townville Tax Rate
0.60%
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 Townville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29689 | 0.28% | 0.46% | 0.60% | 1.77% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Townville, South Carolina
In Townville, 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 Townville, 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 Townville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, in the 29689 zip code, the median tax bill is $1,295, highlighting the importance of staying informed to optimize your property tax outcomes.
Property Tax Assessment Values Across Townville, South Carolina
Source: Ownwell
$39,580
$147,245
$254,910
Average Townville Assessed Value
$183,060
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 Townville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29689 | $18,158 | $66,000 | $183,060 | $322,120 | $494,932 |
Source: Ownwell
Property Tax Bills Across Townville, South Carolina
In Townville, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of the market value of your property. Homeowners in Anderson County experience varying tax bills depending on the value and location of their property. For instance, the median home price in Townville is $183,060, and tax bills can range significantly. At the 25th percentile, property tax bills are around $532, while at the 75th percentile, they climb to $2,789. The 90th percentile sees tax bills as high as $5,594. The highest and lowest median tax bills in Townville are both $1,295, which is above the national median property tax rate of 0.99%. These figures illustrate how property taxes can impact homeowners differently based on the assessed value and other factors, such as exemptions and local tax rates. Understanding these components can help homeowners anticipate their property tax responsibilities more accurately.
Average Townville Tax Bill
$1,295
Average Anderson County Tax Bill
$929
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Townville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29689 | $170 | $532 | $1,295 | $2,789 | $5,594 |
Source: Ownwell