North, South Carolina Property Taxes
The median property tax rate in North, SC is 0.54%, considerably lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in North at $61,800, the typical annual property tax bill reaches $405, significantly below the national median of $2,690. Property taxes in North 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'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 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, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$334
$310
Ownwell’s NORTH Property Tax Bill Calculator provides homeowners, real estate investors, and potential buyers with an easy way to estimate their annual property taxes in NORTH. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in NORTH to give you an accurate property tax bill estimate. This valuable tool helps you anticipate your tax obligations, making financial planning more manageable. For those interested in neighborhood-specific trends, additional localized information is available below. Your property's assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across North, South Carolina
Property taxes in North, 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 North is 0.54%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within North set these rates annually, and they can vary significantly across different neighborhoods. Each year, North 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's effective property tax rate to other areas in Calhoun County and the national median. For comparison, the zip code 29112 has both the highest and lowest median property tax rate of 0.54%. Understanding how these figures compare with North 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 North Tax Rate
0.54%
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 North, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29112 | 0.29% | 0.41% | 0.54% | 1.48% | 3.01% |
Source: Ownwell
Property Tax Assessment Values Across North, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in North, 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 North, 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 North helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In North, the zip code 29112 has the highest and lowest median tax bills, both at $405, reflecting the uniformity in property tax assessments within this region.
Average North Assessed Value
$61,800
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 North, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29112 | $4,830 | $21,075 | $61,800 | $189,925 | $316,678 |
Source: Ownwell
Property Tax Bills Across North, South Carolina
In North, located in Calhoun County, SC, property tax bills are calculated based on the assessed value of a home. The median home price in this area stands at $61,800. The tax bill is determined by applying the local property tax rate to the assessed value of the property. Factors such as the property's location, its assessed value, and any applicable exemptions play a crucial role in determining the final tax bill. For instance, homeowners in the 25th percentile can expect a tax bill around $174, while those in the 75th percentile might see bills close to $892. The 90th percentile tax bill can reach up to $1,393. Comparatively, the highest and lowest median tax bills in zip code 29112 are both $405. These tax bills can significantly impact homeowners, influencing their financial planning and the affordability of homeownership. Given that the national median property tax rate is 0.99%, understanding these local nuances is essential for residents in North.
Average North Tax Bill
$405
Average Calhoun County Tax Bill
$366
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across North, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29112 | $88 | $174 | $405 | $892 | $1,393 |
Source: Ownwell