Blackville, South Carolina Property Taxes
The median property tax rate in Blackville, SC is 1.25%, considerably higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Blackville, the typical annual property tax bill reaches $249, which is significantly lower than the national median of $2,690. Property taxes in Blackville 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 Blackville'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 Blackville 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
Blackville, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$361
$335
Ownwell’s Blackville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blackville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blackville 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 Blackville, South Carolina
Property taxes in Blackville, 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 Blackville is 0.75%, lower than both the Bamberg County median of 0.75% and the U.S. national median of 0.99%. Local government entities within Blackville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blackville 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 Blackville's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29817 zip code has the highest median property tax rate of 0.75%, while the 29817 zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Blackville provides valuable insights into the varying tax landscape across Bamberg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blackville Tax Rate
1.25%
Average Bamberg County Tax Rate
1.40%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blackville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29817 | 0.19% | 0.36% | 1.25% | 1.75% | 4.05% |
Source: Ownwell
Property Tax Assessment Values Across Blackville, South Carolina
In Blackville, 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 Bamberg 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 Blackville, 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 Blackville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Blackville is $28,900, with the highest median tax bill being $249.00 in zip code 29817.
Property Tax Assessment Values Across Blackville, South Carolina
Source: Ownwell
$26,000
$54,700
$83,400
Average Blackville Assessed Value
$28,900
Average Bamberg County Assessed Value
$35,100
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blackville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29817 | $3,760 | $10,900 | $28,900 | $64,350 | $153,260 |
Source: Ownwell
Property Tax Bills Across Blackville, South Carolina
In Blackville, located in Bamberg County, SC, property tax bills are calculated based on the assessed value of the home, which is derived from the market value. The median home price in Blackville is $28,900. Property taxes are then determined by applying the local tax rate to this assessed value. For homeowners in Blackville, the property tax bills vary significantly, ranging from the 25th percentile at $70 to the 90th percentile at $1,326. The median tax bill stands at $249, which is considerably lower than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. This variation in tax bills can significantly impact homeowners, especially those in different financial brackets. Lower tax bills can offer some relief to homeowners, making Blackville an attractive option for those looking to minimize their property tax expenses. However, understanding these factors is crucial for homeowners to manage their finances effectively.
Average Blackville Tax Bill
$249
Average Bamberg County Tax Bill
$391
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Blackville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29817 | $70 | $70 | $249 | $669 | $1,326 |
Source: Ownwell