Johnston, South Carolina Property Taxes
The median property tax rate in Johnston, SC is 0.61%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $66,112 in Johnston, the typical annual property tax bill is $464, well below the national median of $2,690. Property taxes in Johnston are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Johnston'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 Johnston or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Johnston, 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 Johnston Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Johnston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnston to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available. 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 Johnston, South Carolina
Property taxes in Johnston, 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 Johnston is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Johnston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnston 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 Johnston's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29832 has both the highest and lowest median property tax rate of 0.61%. Understanding how these cities compare with Johnston provides valuable insights into the varying tax landscape across Edgefield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johnston Tax Rate
0.61%
Average Edgefield County Tax Rate
0.56%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johnston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29832 | 0.35% | 0.46% | 0.61% | 0.84% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Johnston, South Carolina
In Johnston, 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 Edgefield 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 Johnston, 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 Johnston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 29832 in Johnston has the highest and lowest median tax bill at $464.
Average Johnston Assessed Value
$66,112
Average Edgefield County Assessed Value
$82,866
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Johnston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29832 | $7,370 | $27,946 | $66,112 | $124,091 | $201,163 |
Source: Ownwell
Property Tax Bills Across Johnston, South Carolina
In Johnston, located in Edgefield County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $66,112, the assessed value is determined by the local assessment rate. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the final tax bill, including property location, market trends, and any applicable exemptions. Homeowners in Johnston can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is around $230, while the 75th percentile reaches $737, and the 90th percentile can go up to $1,084. Compared to the national median property tax rate of 0.99%, Johnston's tax bills provide a relatively affordable option for homeowners. However, higher tax bills can affect homeowners by increasing annual expenses, potentially influencing their financial planning and property investment decisions.
Average Johnston Tax Bill
$464
Average Edgefield County Tax Bill
$555
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnston, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29832 | $100 | $230 | $464 | $737 | $1,084 |
Source: Ownwell