Saint Matthews, South Carolina Property Taxes
The median property tax rate in Saint Matthews, SC is 0.56%, 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 Saint Matthews at $65,000, the typical annual property tax bill is around $358, which is well below the national median of $2,690. Property taxes in Saint Matthews are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Saint Matthews' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Saint Matthews or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Matthews, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$364
$338
Ownwell’s Saint Matthews Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Matthews with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Matthews 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 Saint Matthews, South Carolina
Property taxes in Saint Matthews, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Matthews is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Matthews set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Matthews 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 Saint Matthews' effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29135 has both the highest and lowest median property tax rate of 0.56%. Understanding how these cities compare with Saint Matthews 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 Saint Matthews Tax Rate
0.56%
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 Saint Matthews, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29135 | 0.25% | 0.40% | 0.56% | 1.11% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across Saint Matthews, South Carolina
In Saint Matthews, 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 Calhoun 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 Saint Matthews, 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 Saint Matthews helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price stands at $65,000, with the 25th percentile tax bill at $167 and the 75th percentile tax bill at $746. The zip code 29135 has both the highest and lowest median tax bill at $358.
Property Tax Assessment Values Across Saint Matthews, South Carolina
Source: Ownwell
$40,950
$99,725
$158,500
Average Saint Matthews Assessed Value
$65,000
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 Saint Matthews, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29135 | $6,750 | $24,625 | $65,000 | $143,875 | $239,455 |
Source: Ownwell
Property Tax Bills Across Saint Matthews, South Carolina
In Saint Matthews, located in Calhoun County, SC, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor's office and typically represents a percentage of the property's market value. For homeowners in Saint Matthews, the median home price is $65,000. The property tax rate in this area influences the final tax bill, which varies significantly among households. For example, property tax bills range from $167 at the 25th percentile to $1,177 at the 90th percentile, with a median tax bill of $358. Several factors contribute to the calculation of property tax bills, including the property's assessed value, any applicable exemptions, and the local tax rate. These taxes fund essential public services such as schools, infrastructure, and emergency services. For homeowners, understanding how property taxes are calculated can help in financial planning and ensuring that they are not overpaying on their tax bills. Comparing local rates to the national median property tax rate of 0.99% can provide additional context for evaluating property tax obligations.
Average Saint Matthews Tax Bill
$358
Average Calhoun County Tax Bill
$366
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Matthews, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29135 | $85 | $167 | $358 | $746 | $1,177 |
Source: Ownwell