Ridgeville, South Carolina Property Taxes
The median property tax rate in Ridgeville, SC is 0.45%, 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 $188,500 in Ridgeville, the typical annual property tax bill amounts to $935, which is well below the national median of $2,690. Property taxes in Ridgeville are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Ridgeville'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 Ridgeville 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
Ridgeville, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$848
$787
Ownwell’s Ridgeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ridgeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ridgeville 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 Ridgeville, South Carolina
Property taxes in Ridgeville, 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 Ridgeville is 0.45%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Ridgeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ridgeville 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 Ridgeville's effective property tax rate to other areas in South Carolina and the national median. For comparison, the zip code 29472 has both the highest and lowest median property tax rate of 0.45%. Understanding how these areas compare with Ridgeville 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 Ridgeville Tax Rate
0.45%
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 Ridgeville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29472 | 0.24% | 0.36% | 0.45% | 0.76% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Ridgeville, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ridgeville, 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 the Berkeley 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 Ridgeville, 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. The median home price in Ridgeville is $188,500, with tax bills ranging from $602 at the 25th percentile to $2,438 at the 90th percentile. The highest and lowest median tax bill in Ridgeville is $935, found in the zip code 29472. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Ridgeville, South Carolina
Source: Ownwell
$96,200
$2,413,900
$4,731,600
Average Ridgeville Assessed Value
$188,500
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 Ridgeville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29472 | $80,300 | $118,925 | $188,500 | $296,600 | $429,660 |
Source: Ownwell
Property Tax Bills Across Ridgeville, South Carolina
In Ridgeville, located in Berkeley County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value determined by the county assessor's office. The median home price in Ridgeville is $188,500. Homeowners can expect to pay a property tax bill that varies significantly depending on the assessed value and the applicable tax rate. For instance, the 25th percentile tax bill is approximately $602, while the 75th percentile tax bill is around $1,479, and those in the 90th percentile might see bills as high as $2,438. These property tax bills are influenced by various factors, including property improvements, neighborhood developments, and local government budgets. Homeowners in Ridgeville benefit from a relatively lower tax rate compared to the national median property tax rate of 0.99%, yet they must still account for fluctuations based on individual property assessments. Understanding these factors is crucial for homeowners as it directly impacts their annual financial planning and overall cost of homeownership.
Average Ridgeville Tax Bill
$935
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 Ridgeville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29472 | $429 | $602 | $935 | $1,479 | $2,438 |
Source: Ownwell