Huger, South Carolina Property Taxes
The median property tax rate in Huger, SC is 0.47%, 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 Huger at $254,200, the typical annual property tax bill is around $1,506, which is well below the national median of $2,690. Property taxes in Huger are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Huger'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 Huger or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Huger, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$1,195
$1,109
Ownwell’s Huger Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huger with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huger 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 Huger, South Carolina
Property taxes in Huger, South Carolina, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Huger is 0.47%, which is lower than the U.S. national median of 0.99%. Local government entities within Huger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huger 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 Huger's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29450 zip code has the highest median property tax rate of 0.47%, while the same zip code also has the lowest median tax rate of 0.47%. Understanding how these cities compare with Huger provides valuable insights into the varying tax landscape across Berkeley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huger Tax Rate
0.47%
Average Berkeley County Tax Rate
0.55%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huger, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29450 | 0.36% | 0.40% | 0.47% | 1.52% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Huger, South Carolina
In Huger, 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 Berkeley 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 Huger, 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. Huger has a median home price of $254,200, with tax bills ranging significantly. In the 25th percentile, tax bills are around $851, while they can climb to $4,799 at the 90th percentile. The highest and lowest median tax bills are both $1,506 in the 29450 zip code. 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 Huger helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Huger, South Carolina
Source: Ownwell
$96,200
$2,413,900
$4,731,600
Average Huger Assessed Value
$254,200
Average Berkeley County Assessed Value
$231,300
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huger, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29450 | $83,500 | $129,250 | $254,200 | $471,800 | $585,020 |
Source: Ownwell
Property Tax Bills Across Huger, South Carolina
In Huger, SC, property tax bills are determined by evaluating the assessed value of a property, which is typically a percentage of its market value. This assessed value is then multiplied by the local tax rate, which varies within Berkeley County. The national median property tax rate is 0.99%, but local rates can differ, impacting the final tax bill. Several factors influence the property tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, a home in Huger with a median home price of $254,200 could see tax bills ranging from $851 at the 25th percentile to $4,799 at the 90th percentile. The median tax bill in the area is $1,506, which is consistent across the 29450 zip code. These property taxes significantly affect homeowners by contributing to local services like schools, infrastructure, and emergency services. Understanding how these taxes are calculated helps homeowners budget effectively and ensures they are prepared for their annual tax obligations.
Average Huger Tax Bill
$1,506
Average Berkeley County Tax Bill
$1,364
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Huger, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29450 | $560 | $851 | $1,506 | $2,364 | $4,799 |
Source: Ownwell