Gable, South Carolina Property Taxes
The median property tax rate in Gable, SC is 1.12%, noticeably higher than both the national median of 0.99% and South Carolina's state median of 0.72%. With the median home value in Gable at $26,400, the typical annual property tax bill is $273, which, while lower than the national median of $2,690, can still be a significant expense for homeowners. Property taxes in Gable are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Gable'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 Gable or another part of the city, a thorough understanding of the local property tax system is invaluable for both homeowners and real estate investors.
Last Updated June 14, 2024
Gable, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$296
$274
Ownwell’s Gable Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gable with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gable 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 Gable, South Carolina
Property taxes in Gable, 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 Gable is 0.57%, significantly lower than both the South Carolina state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Gable set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gable 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 Gable's effective property tax rate to other counties in South Carolina and the national median. For comparison, the highest median property tax rate in Clarendon County is 0.57%, while the lowest median tax rate is also 0.57%. Understanding how these cities compare with Gable provides valuable insights into the varying tax landscape across Clarendon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gable Tax Rate
1.12%
Average Clarendon County Tax Rate
1.84%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gable, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29051 | 0.67% | 0.76% | 1.12% | 1.93% | 2.61% |
Source: Ownwell
Property Tax Assessment Values Across Gable, South Carolina
In Gable, 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 Clarendon 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 Gable, 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 Gable helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the area with the highest median tax bill is zip code 29051, with a tax bill of $273.
Average Gable Assessed Value
$26,400
Average Clarendon County Assessed Value
$32,100
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gable, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29051 | $6,300 | $14,850 | $26,400 | $45,350 | $76,580 |
Source: Ownwell
Property Tax Bills Across Gable, South Carolina
Property tax bills in Gable, located in Clarendon County, SC, are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $26,400, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. In Gable, property tax bills can range significantly. At the 25th percentile, the tax bill is $173, while at the 75th percentile, it rises to $499. For those at the 90th percentile, the tax bill can reach as high as $1007. These variations highlight the impact of property assessments and local tax rates on homeowners' annual financial obligations. Compared to the national median property tax rate of 0.99%, Gable's property taxes can be quite reasonable, especially for lower-valued homes. Understanding these factors allows homeowners to better anticipate their annual expenses and plan accordingly.
Average Gable Tax Bill
$273
Average Clarendon County Tax Bill
$360
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Gable, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29051 | $109 | $173 | $273 | $499 | $1,007 |
Source: Ownwell