Belton, South Carolina Property Taxes
The median property tax rate in Belton, SC is 0.68%, which is lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $91,900 in Belton, the typical annual property tax bill is around $640, significantly less than the national median of $2,690. Property taxes in Belton 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 Belton'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 Belton or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belton, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$625
Ownwell’s Belton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belton 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 Belton, South Carolina
Property taxes in Belton, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belton is 0.68%, which is lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Belton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belton 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 Belton's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29627 has both the highest and lowest median property tax rate of 0.68%. Understanding how these cities compare with Belton provides valuable insights into the varying tax landscape across Anderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belton Tax Rate
0.68%
Average Greenville County Tax Rate
0.80%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belton, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29627 | 0.16% | 0.46% | 0.68% | 1.89% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Belton, South Carolina
In Belton, 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 Greenville 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 Belton, 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 Belton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 29627, with a median tax bill of $640. This is significantly below the national median property tax rate of 0.99%.
Average Belton Assessed Value
$91,900
Average Greenville County Assessed Value
$178,730
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belton, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29627 | $15,000 | $42,000 | $91,900 | $170,398 | $273,065 |
Source: Ownwell
Property Tax Bills Across Belton, South Carolina
In Belton, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The median home price in Belton is $91,900. Once the assessed value is established, it is multiplied by the local tax rate to determine the property tax bill. The tax rate in Belton is influenced by various factors, including local government budgets and funding requirements for public services such as schools and emergency services. For homeowners in Belton, the property tax bill can vary significantly. At the 25th percentile, homeowners might expect a tax bill around $253, while those at the 75th percentile could see bills as high as $1,328. The tax bill for the 90th percentile can reach up to $2,326. These variations depend on the property's assessed value and specific tax rate applied. Compared to the national median property tax rate of 0.99%, Belton's tax rates reflect the local economic conditions and funding needs. Homeowners must stay informed about their property's assessed value and any changes in tax rates to manage their annual property tax obligations effectively.
Average Belton Tax Bill
$640
Average Greenville County Tax Bill
$1,574
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Belton, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29627 | $86 | $253 | $640 | $1,328 | $2,326 |
Source: Ownwell