Andrews, South Carolina Property Taxes
The median property tax rate in Andrews, SC is 1.43%, 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 Andrews at $30,450, the typical annual property tax bill reaches $287, still below the national median of $2,690. Property taxes in Andrews 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 Andrews'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 Andrews 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
Andrews, 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 Andrews Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Andrews with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Andrews 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 Andrews, South Carolina
Property taxes in Andrews, 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 Andrews is 1.43%, significantly higher than the U.S. national median of 0.99%. Local government entities within Andrews set these rates annually, and they can vary significantly across different neighborhoods. Each year, Andrews 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 Andrews' effective property tax rate to other areas and the national median. For comparison, the 29510 zip code has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these rates compare within Georgetown County provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Andrews Tax Rate
1.43%
Average Georgetown County Tax Rate
0.91%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Andrews, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29510 | 0.43% | 0.68% | 1.43% | 2.25% | 3.02% |
Source: Ownwell
Property Tax Assessment Values Across Andrews, South Carolina
In Andrews, 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 Georgetown 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 Andrews, 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 Andrews helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $287.00, found in the 29510 zip code, while the lowest median tax bill is also $287.00 in the same zip code.
Average Andrews Assessed Value
$30,450
Average Georgetown County Assessed Value
$155,000
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Andrews, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29510 | $3,300 | $7,500 | $30,450 | $77,775 | $126,770 |
Source: Ownwell
Property Tax Bills Across Andrews, South Carolina
Property tax bills in Andrews, located in Georgetown County, SC, are calculated based on the assessed value of a property. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. Homeowners in Andrews can expect their property tax bills to fall within a range, with the 25th percentile at $118 and the 75th percentile at $780. The 90th percentile tax bill can reach up to $1323, illustrating the variation depending on the property's assessed value and applicable exemptions. Compared to the national median property tax rate of 0.99%, Andrews offers relatively lower tax rates, which can be an advantage for homeowners. However, the actual tax bill can vary significantly based on the specific characteristics and assessed value of the property. For instance, the highest and lowest median tax bills in the area are both $287, indicating a relatively consistent tax rate across different properties. This system ensures that property taxes are equitable and reflective of individual property values, impacting homeowners' annual expenses.
Average Andrews Tax Bill
$287
Average Georgetown County Tax Bill
$1,240
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Andrews, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29510 | $70 | $118 | $287 | $780 | $1,323 |
Source: Ownwell