Clio, South Carolina Property Taxes
The median property tax rate in Clio, SC is 9.71%, 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 Clio at $2,107, the typical annual property tax bill amounts to $205, which is substantially lower than the national median of $2,690. Property taxes in Clio are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Clio'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 Clio 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
Clio, 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 Clio Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clio with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clio 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 Clio, South Carolina
Property taxes in Clio, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clio is 9.71%, significantly higher than the U.S. national median of 0.99%. Local government entities within Clio set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clio 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 Clio's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29525 zip code has both the highest and lowest median property tax rate of 9.71%. Understanding how these cities compare with Clio provides valuable insights into the varying tax landscape across Dillon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clio Tax Rate
9.71%
Average Dillon County Tax Rate
2.15%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clio, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29525 | 9.71% | 9.71% | 9.71% | 9.71% | 9.71% |
Source: Ownwell
Property Tax Assessment Values Across Clio, South Carolina
In Clio, 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 Dillon 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 Clio, 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 median tax bill in Clio is $205, with the highest and lowest median tax bills both found in zip code 29525. Being aware of these valuation processes in Clio helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clio Assessed Value
$2,107
Average Dillon County Assessed Value
$19,512
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clio, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29525 | $2,107 | $2,107 | $2,107 | $2,107 | $2,107 |
Source: Ownwell
Property Tax Bills Across Clio, South Carolina
In Clio, Dillon County, SC, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and represents a percentage of the property's market value. Factors considered include the property's location, size, and condition. The local tax rate, or millage rate, is then applied to this assessed value to calculate the annual tax bill. For homeowners in Clio, the median home price is $2,107, and property tax bills are relatively consistent, with the 25th, 75th, and 90th percentiles all at $205. This uniformity indicates a stable and predictable tax environment for residents. Compared to the national median property tax rate of 0.99%, Clio's property taxes are notably lower, providing an advantage for homeowners in the area. This lower tax burden can make homeownership more affordable and financially manageable for residents.
Average Clio Tax Bill
$205
Average Dillon County Tax Bill
$372
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Clio, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29525 | $205 | $205 | $205 | $205 | $205 |
Source: Ownwell