Cherokee County, South Carolina Property Taxes
The median property tax rate in Cherokee County is 0.43%, which is 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 Cherokee County at $82,600, the typical annual property tax bill is $381, far below the national median of $2,690. Property taxes in Cherokee County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Cherokee County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Gaffney or another part of Cherokee County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cherokee County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$355
$330
Ownwell’s Cherokee County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Cherokee County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Cherokee County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Cherokee County, South Carolina
Property taxes in Cherokee County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cherokee County is 0.43%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Cherokee County set these rates annually, and they can vary significantly between different areas within the county. Each year, Cherokee County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Cherokee County's effective property tax rate with other counties and the national median. For comparison, the city of Chesnee has one of the higher property tax rates in the region at 0.54%, while the city of Cowpens boasts one of the lowest at 0.40%. Analyzing how Cherokee County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Cherokee County Tax Rate
0.43%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Cherokee County, South Carolina
In Cherokee County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Cherokee County Appraisal District. The assessed value, however, 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 in Cherokee County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Cherokee County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Cherokee County, Gaffney has the highest median tax bill at $415, while Pacolet has the lowest at $251.
Property Tax Assessment Values Across Cherokee County, South Carolina
Source: Ownwell
$54,300
$81,850
$109,400
Average Cherokee County Assessed Value
$82,600
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cherokee County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blacksburg | $10,000 | $23,420 | $54,300 | $117,825 | $193,230 |
| Chesnee | $12,500 | $33,800 | $87,250 | $159,450 | $251,730 |
| Cowpens | $11,400 | $27,200 | $75,350 | $166,750 | $261,050 |
| Gaffney | $14,000 | $41,900 | $88,800 | $153,400 | $221,300 |
| Pacolet | $13,120 | $27,250 | $71,650 | $146,600 | $265,460 |
| Smyrna | $13,180 | $35,500 | $98,000 | $152,700 | $228,220 |
| Spartanburg | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Cherokee County, South Carolina
In Cherokee 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 the county is $82,600, and the tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, leading to variations in tax bills. Homeowners in Cherokee County typically see tax bills ranging from $169 at the 25th percentile to $704 at the 75th percentile, with the 90th percentile reaching up to $1,128. The city of Gaffney has the highest median tax bill at $415, while Pacolet has the lowest at $251. These tax bills support essential public services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Cherokee County offers relatively affordable property tax rates, making it an attractive option for homeowners.
Average Cherokee County Tax Bill
$381
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690