Summerville, South Carolina Property Taxes
The median property tax rate in Summerville, SC is 0.48%, 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 Summerville at $293,350, the typical annual property tax bill amounts to $1,519, well below the national median of $2,690. Property taxes in Summerville are calculated based on the assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Summerville'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 Summerville or another part of Berkeley County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Summerville, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$1,408
Ownwell’s Summerville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Summerville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Summerville to project your property tax bill. This valuable tool helps you gauge potential tax liabilities. For those interested in more granular insights, you can explore neighborhood-level trends by scrolling down for localized information. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Summerville, South Carolina
Property taxes in Summerville, South Carolina, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Summerville is 0.48%, which is lower than the U.S. national median of 0.99%. Local government entities within Summerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Summerville 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 Summerville's effective property tax rate to other areas in Berkeley County and the national median. For comparison, the 29483 zip code has the highest median property tax rate of 0.56%, while the 29486 zip code has the lowest median tax rate of 0.47%. Understanding how these areas compare with Summerville 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 Summerville Tax Rate
0.48%
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 Summerville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29483 | 0.42% | 0.47% | 0.56% | 0.66% | 1.71% |
| 29485 | N/A | N/A | N/A | N/A | N/A |
| 29486 | 0.37% | 0.42% | 0.47% | 0.68% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Summerville, South Carolina
In Summerville, 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 Summerville, 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. For instance, in Summerville, the median home price is $293,350, with the 25th percentile tax bill at $1,048 and the 75th percentile tax bill at $2,466. The highest median tax bill is found in the 29486 zip code at $1,552, while the lowest median tax bill is in the 29483 zip code at $1,325. 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 Summerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Summerville, South Carolina
Source: Ownwell
$96,200
$2,413,900
$4,731,600
Average Summerville Assessed Value
$293,350
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 Summerville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29483 | $137,390 | $176,175 | $222,050 | $266,250 | $352,010 |
| 29485 | N/A | N/A | N/A | N/A | N/A |
| 29486 | $154,800 | $210,575 | $304,500 | $390,700 | $474,200 |
Source: Ownwell
Property Tax Bills Across Summerville, South Carolina
In Summerville, located in Berkeley County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Summerville experience property tax rates that fluctuate depending on various factors, including the specific area within the city. For instance, the median home price in Summerville is $293,350, and property tax bills can range significantly. At the 25th percentile, the tax bill is around $1,048, while at the 75th percentile, it jumps to approximately $2,466. The 90th percentile sees even higher tax bills, reaching up to $5,140. Comparatively, the highest median tax bill in the area is $1,552 in the 29486 zip code, while the lowest is $1,325 in the 29483 zip code. These variations impact homeowners differently, with some paying significantly more than others. Understanding these factors helps residents anticipate their property tax obligations and budget accordingly.
Average Summerville Tax Bill
$1,519
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 Summerville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29483 | $643 | $970 | $1,325 | $2,149 | $3,778 |
| 29485 | N/A | N/A | N/A | N/A | N/A |
| 29486 | $732 | $1,057 | $1,552 | $2,489 | $5,289 |
Source: Ownwell