Summerville, South Carolina Property Taxes
The median property tax rate in Summerville, SC, is 0.55%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $198,000 in Summerville, the typical annual property tax bill is $1,079, which is below the national median of $2,690. Property taxes in Summerville are calculated based on the assessed value, which often falls below market value due to exemptions like 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 the city, 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
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Summerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Summerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Summerville 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 Summerville, South Carolina
Property taxes in Summerville, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Summerville is 0.55%, which is higher than both the South Carolina state median and 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 counties in South Carolina and the national median. For comparison, the 29485 zip code has the highest median property tax rate of 0.55%, while the 29483 zip code has the lowest median tax rate of 0.50%. Understanding how these cities compare with Summerville 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 Summerville Tax Rate
0.55%
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 Summerville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29456 | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% |
| 29483 | 0.35% | 0.40% | 0.50% | 1.21% | 1.51% |
| 29485 | 0.35% | 0.45% | 0.55% | 1.37% | 1.96% |
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 Charleston 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 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in Summerville is $1,085 in the 29485 zip code, while the lowest is $716 in the 29483 zip code. Being aware of these valuation processes 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
$2,700
$2,101,350
$4,200,000
Average Summerville Assessed Value
$198,000
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 Summerville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29456 | $59,606 | $59,606 | $59,606 | $59,606 | $59,606 |
| 29483 | $110,000 | $121,200 | $137,350 | $155,475 | $198,260 |
| 29485 | $18,400 | $136,000 | $200,000 | $238,500 | $278,000 |
Source: Ownwell
Property Tax Bills Across Summerville, South Carolina
In Summerville, located in Charleston County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Summerville is $198,000. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the home's location, assessed value, and applicable tax exemptions or deductions. For instance, in Summerville, the tax bill for the 25th percentile is $766, while the 75th percentile sees a tax bill of $1,408. At the 90th percentile, homeowners face a significantly higher tax bill of $3,172. The highest median tax bill within the area is $1,085 in the 29485 zip code, whereas the lowest median tax bill is $716 in the 29483 zip code. These figures illustrate the variability in property tax bills within the region, which can significantly impact homeowners' financial planning and budgeting. Compared to the national median property tax rate of 0.99%, Summerville's property tax rates provide a competitive landscape for homeowners.
Average Summerville Tax Bill
$1,079
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 Summerville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29456 | $72 | $72 | $72 | $72 | $72 |
| 29483 | $422 | $532 | $716 | $1,620 | $2,749 |
| 29485 | $261 | $785 | $1,085 | $1,404 | $3,182 |
Source: Ownwell