Greeleyville, South Carolina Property Taxes
The median property tax rate in Greeleyville, SC is 1.60%, 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 Greeleyville at $23,600, the typical annual property tax bill reaches $223, which is below the national median of $2,690. Property taxes in Greeleyville 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 Greeleyville'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 Greeleyville 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
Greeleyville, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$378
Ownwell’s Greeleyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greeleyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greeleyville 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 Greeleyville, South Carolina
Property taxes in Greeleyville, 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 Greeleyville is 1.60%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Greeleyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greeleyville 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 Greeleyville's effective property tax rate to other areas in South Carolina and the national median. For comparison, the zip code 29056 has the highest median property tax rate of 1.60%, while the same zip code also has the lowest median tax rate of 1.60%. Understanding how these figures compare with Greeleyville 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 Greeleyville Tax Rate
1.60%
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 Greeleyville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29056 | 0.71% | 0.83% | 1.60% | 2.24% | 2.89% |
Source: Ownwell
Property Tax Assessment Values Across Greeleyville, South Carolina
In Greeleyville, 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 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 Greeleyville, 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. For example, the median home price in Greeleyville is $23,600, with the 25th percentile tax bill at $122 and the 75th percentile tax bill at $557. The highest median tax bill in the area is $223, found in the 29056 zip code. 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 Greeleyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Greeleyville, South Carolina
Source: Ownwell
$19,450
$27,825
$36,200
Average Greeleyville Assessed Value
$23,600
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 Greeleyville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29056 | $5,780 | $10,000 | $23,600 | $46,850 | $58,220 |
Source: Ownwell
Property Tax Bills Across Greeleyville, South Carolina
In Greeleyville, property tax bills are determined by assessing the market value of a property and then applying the local tax rate. The median home price in Greeleyville is $23,600, which is significantly lower than the national median. This lower home value leads to relatively modest property tax bills. The tax bill at the 25th percentile is $122, while at the 75th percentile, it rises to $557. For those at the 90th percentile, the tax bill can reach $951. Factors that influence these tax bills include the assessed value of the property, local tax rates, and any applicable exemptions or deductions. Homeowners in Greeleyville benefit from lower property tax rates compared to the national median property tax rate of 0.99%. This means that owning a home in Greeleyville can be more affordable in terms of annual property tax payments, providing a financial advantage to residents in this region.
Average Greeleyville Tax Bill
$223
Average Clarendon County Tax Bill
$360
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Greeleyville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29056 | $103 | $122 | $223 | $557 | $951 |
Source: Ownwell