North Charleston, South Carolina Property Taxes
The median property tax rate in North Charleston, SC is 1.84%, 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 North Charleston at $166,150, the typical annual property tax bill reaches $3,054, exceeding the national median of $2,690. Property taxes in North Charleston 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 North Charleston'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 North Charleston 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
North Charleston, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.84%
Estimate Property Tax Bill
$3,057
$2,837
Ownwell’s North Charleston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Charleston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Charleston 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 North Charleston, South Carolina
Property taxes in North Charleston, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Charleston is 1.84%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Charleston set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Charleston 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 North Charleston's effective property tax rate to other areas and the national median. For comparison, the 29406 zip code has the highest median property tax rate of 1.84%, which is also the lowest median tax rate in the area. Understanding how these areas compare with North Charleston 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 North Charleston Tax Rate
1.84%
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 North Charleston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29406 | 1.83% | 1.83% | 1.84% | 1.84% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across North Charleston, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in North Charleston, South Carolina. 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 Berkeley County 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 North Charleston, 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 North Charleston is $166,150, with the 25th percentile tax bill at $2,205 and the 75th percentile tax bill at $3,903. The highest and lowest median tax bills, both at $3,054, are found in zip code 29406. 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 North Charleston, South Carolina
Source: Ownwell
$96,200
$2,413,900
$4,731,600
Average North Charleston Assessed Value
$166,150
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 North Charleston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29406 | $92,430 | $120,075 | $166,150 | $212,225 | $239,870 |
Source: Ownwell
Property Tax Bills Across North Charleston, South Carolina
In North Charleston, property tax bills are calculated based on the assessed value of a home, which typically represents a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, the local tax rate, and any applicable exemptions or deductions. For example, in North Charleston, the median home price is $166,150. Homeowners in the 25th percentile can expect a tax bill around $2,205, while those in the 75th percentile may see bills as high as $3,903. At the 90th percentile, the tax bill can reach up to $4,412. The highest median tax bill within the city is $3,054, found in the 29406 zip code. These figures illustrate how property taxes can vary significantly based on home values and specific local factors, impacting homeowners' financial planning and overall cost of living.
Average North Charleston Tax Bill
$3,054
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 North Charleston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29406 | $1,696 | $2,205 | $3,054 | $3,903 | $4,412 |
Source: Ownwell