Turbeville, South Carolina Property Taxes
The median property tax rate in Turbeville, SC is 1.84%, significantly higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Turbeville, the typical annual property tax bill reaches $226, which is below the national median of $2,690. Property taxes in Turbeville 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 Turbeville'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 Turbeville 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
Turbeville, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.84%
Estimate Property Tax Bill
$361
Ownwell’s Turbeville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Turbeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Turbeville 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 Turbeville, South Carolina
Property taxes in Turbeville, South Carolina, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Turbeville is 1.84%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Turbeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Turbeville 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 Turbeville's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29162 has both the highest and the lowest median property tax rate of 1.84%. Understanding how these cities compare with Turbeville 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 Turbeville Tax Rate
1.84%
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 Turbeville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29162 | 0.66% | 0.84% | 1.84% | 2.75% | 3.25% |
Source: Ownwell
Property Tax Assessment Values Across Turbeville, South Carolina
In Turbeville, 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 Turbeville, 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 Turbeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Turbeville is $226 in the 29162 zip code, while the lowest median tax bill is also $226 in the same zip code.
Property Tax Assessment Values Across Turbeville, South Carolina
Source: Ownwell
$19,450
$27,825
$36,200
Average Turbeville Assessed Value
$19,600
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 Turbeville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29162 | $5,200 | $6,975 | $19,600 | $43,450 | $82,150 |
Source: Ownwell
Property Tax Bills Across Turbeville, South Carolina
In Turbeville, located in Clarendon County, SC, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is a percentage of the property's market value. The median home price in Turbeville is $19,600, significantly lower than the national median. Property tax rates are applied to this assessed value to calculate the tax bill. For homeowners in Turbeville, tax bills can vary widely. At the 25th percentile, homeowners might pay around $154, while those in the 75th percentile could see bills as high as $443. The top 10% of property tax bills in the area can reach up to $1024. These figures illustrate the range of property tax burdens that residents might face. The highest and lowest median tax bills in the area are both reported at $226, indicating some consistency in property tax assessments within certain zip codes. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Turbeville Tax Bill
$226
Average Clarendon County Tax Bill
$360
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Turbeville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29162 | $117 | $154 | $226 | $443 | $1,024 |
Source: Ownwell