Ridgeland, South Carolina Property Taxes
The median property tax rate in Ridgeland, SC is 1.73%, 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 Ridgeland at $201,800, the typical annual property tax bill reaches $3,491, exceeding the national median of $2,690. Property taxes in Ridgeland 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 Ridgeland'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 Ridgeland 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
Ridgeland, 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 Ridgeland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ridgeland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ridgeland 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 Ridgeland, South Carolina
Property taxes in Ridgeland, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ridgeland is 1.73%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ridgeland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ridgeland 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 Ridgeland's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29936 zip code has both the highest and lowest median property tax rate of 1.73%. Understanding how these cities compare with Ridgeland provides valuable insights into the varying tax landscape across Beaufort County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ridgeland Tax Rate
1.73%
Average Beaufort County Tax Rate
0.82%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ridgeland, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29936 | 1.73% | 1.73% | 1.73% | 1.73% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Ridgeland, South Carolina
In Ridgeland, 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 Beaufort County Assessor 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 Ridgeland, 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 Ridgeland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area, both at $3,491, are found in the 29936 zip code.
Property Tax Assessment Values Across Ridgeland, South Carolina
Source: Ownwell
$24,200
$838,625
$1,653,050
Average Ridgeland Assessed Value
$201,800
Average Beaufort County Assessed Value
$278,200
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ridgeland, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29936 | $201,800 | $201,800 | $201,800 | $201,800 | $201,800 |
Source: Ownwell
Property Tax Bills Across Ridgeland, South Carolina
In Ridgeland, Beaufort County, SC, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Ridgeland can expect their property tax rates to be influenced by various factors, including local government budgets and public service funding needs. With a median home price of $201,800, Ridgeland's property taxes reflect the services and infrastructure supported by these funds. The tax bill in Ridgeland for the 25th, 75th, and 90th percentiles is consistently $3,491, indicating a uniform approach to tax calculation across different property values. This consistency is notable given the national median property tax rate of 0.99%. Homeowners in Ridgeland experience a predictable tax environment, which can be beneficial for financial planning. The highest and lowest median tax bills both stand at $3,491, suggesting a stable property tax landscape within the 29936 zip code. This stability provides homeowners with a clear understanding of their financial obligations related to property taxes.
Average Ridgeland Tax Bill
$3,491
Average Beaufort County Tax Bill
$2,400
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Ridgeland, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29936 | $3,491 | $3,491 | $3,491 | $3,491 | $3,491 |
Source: Ownwell