Gaston, South Carolina Property Taxes
The median property tax rate in Gaston, 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 Gaston at $158,500, the typical annual property tax bill is $725, well below the national median of $2,690. Property taxes in Gaston 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 Gaston'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 Gaston 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
Gaston, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$761
$706
Ownwell’s Gaston Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gaston with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Gaston to provide an accurate estimate of your property tax bill. This valuable tool allows you to understand your potential tax liabilities better. For those interested in more granular trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Gaston, South Carolina
Property taxes in Gaston, 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 Gaston is 0.48%, which is lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Gaston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gaston 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 Gaston's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29053 has both the highest and lowest median property tax rate of 0.48%. Understanding how these cities compare with Gaston provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gaston Tax Rate
0.48%
Average Calhoun County Tax Rate
0.54%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gaston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29053 | 0.29% | 0.40% | 0.48% | 0.49% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Gaston, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gaston, 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 Calhoun County Appraisal District 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 Gaston, 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 Gaston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Gaston is $725.00, found in the 29053 zip code.
Average Gaston Assessed Value
$158,500
Average Calhoun County Assessed Value
$64,700
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gaston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29053 | $11,600 | $42,000 | $158,500 | $249,650 | $315,275 |
Source: Ownwell
Property Tax Bills Across Gaston, South Carolina
In Gaston, located in Calhoun County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $158,500, homeowners can expect varying tax bills depending on several factors, including property location and specific local tax rates. The tax bill in Gaston shows significant variation, with the 25th percentile at $224 and the 75th percentile reaching $1,202. At the 90th percentile, homeowners might pay as much as $1,524. These figures highlight how property taxes can impact homeowners differently based on their property's assessed value and the corresponding tax rate. Compared to the national median property tax rate of 0.99%, Gaston's tax bills can be relatively moderate or steep, depending on the percentile. This variability underscores the importance of understanding local property tax assessments and their financial implications for homeowners.
Average Gaston Tax Bill
$725
Average Calhoun County Tax Bill
$366
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Gaston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29053 | $60 | $224 | $725 | $1,202 | $1,524 |
Source: Ownwell