Charleston Afb, South Carolina Property Taxes
The median property tax rate in Charleston AFB, SC is 1.40%, considerably higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Charleston AFB at $2,150,000, the typical annual property tax bill reaches $30,160, exceeding the national median of $2,690. Property taxes here 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 Charleston AFB'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 Charleston AFB 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
Charleston Afb, South Carolina Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Charleston AFB Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Charleston AFB with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Charleston AFB 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 Charleston Afb, South Carolina
Property taxes in Charleston AFB, South Carolina, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Charleston AFB is 1.40%, which is significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Charleston AFB set these rates annually, and they can vary significantly across different neighborhoods. Each year, Charleston AFB 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 Charleston AFB's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29404 zip code has the highest median property tax rate of 1.40%, while the 29404 zip code also has the lowest median tax rate of 1.40%. Understanding how these areas compare with Charleston AFB provides valuable insights into the varying tax landscape across Charleston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Charleston Afb Tax Rate
1.40%
Average Charleston County Tax Rate
0.53%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Charleston Afb, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29404 | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Charleston Afb, South Carolina
In Charleston AFB, 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 Charleston 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. 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 Charleston AFB helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 29404, with a value of $30,160.
Property Tax Assessment Values Across Charleston Afb, South Carolina
Source: Ownwell
$2,700
$2,101,350
$4,200,000
Average Charleston Afb Assessed Value
$2,150,000
Average Charleston County Assessed Value
$305,700
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Charleston Afb, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29404 | $2,150,000 | $2,150,000 | $2,150,000 | $2,150,000 | $2,150,000 |
Source: Ownwell
Property Tax Bills Across Charleston Afb, South Carolina
In Charleston AFB, located in Charleston County, SC, property tax bills are determined by assessing the market value of a property and applying the local tax rate. The median home price in this area is $2,150,000, which significantly influences the property tax amount. For example, the tax bill at the 25th, 75th, and 90th percentiles is consistently $30,160, reflecting the high property values in the region. The local tax rate plays a crucial role in calculating the final tax bill. Homeowners in Charleston AFB face a median property tax rate that is notably higher than the national median rate of 0.99%. This higher tax rate can lead to substantial annual tax bills, impacting homeowners' financial planning and budgeting. The uniformity in tax bills across different percentiles indicates a stable property tax environment but also highlights the importance of understanding local property values and tax rates for effective financial management.
Average Charleston Afb Tax Bill
$30,160
Average Charleston County Tax Bill
$1,751
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Charleston Afb, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29404 | $30,160 | $30,160 | $30,160 | $30,160 | $30,160 |
Source: Ownwell