Cleveland, South Carolina Property Taxes
The median property tax rate in Cleveland, SC is 1.82%, 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 Cleveland, the typical annual property tax bill reaches $1,412, which is below the national median of $2,690. Property taxes in Cleveland are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Cleveland'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 Cleveland 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
Cleveland, 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 Cleveland Property Tax Bill Calculator is designed to assist homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Cleveland with just two simple data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate for Cleveland to provide an accurate estimate of your property tax bill. This valuable tool helps you gauge potential tax liabilities effectively. For those interested in more detailed insights, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Cleveland, South Carolina
Property taxes in Cleveland, 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 Cleveland is 1.82%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cleveland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cleveland 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 Cleveland's effective property tax rate to other areas in South Carolina and the national median. For comparison, the 29635 zip code has both the highest and lowest median property tax rate of 1.82%. Understanding how these areas compare with Cleveland provides valuable insights into the varying tax landscape across Greenville County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cleveland Tax Rate
1.82%
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 Cleveland, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29635 | 0.49% | 0.62% | 1.82% | 1.88% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Cleveland, South Carolina
In Cleveland, 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 Cleveland, 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. The median home price in Cleveland is $149,810, with property tax bills ranging from $586 at the 25th percentile to $5,892 at the 90th percentile. The zip code with the highest median tax bill is 29635, at $1,412. Being aware of these valuation processes in Cleveland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Cleveland, South Carolina
Source: Ownwell
$55,400
$147,390
$239,380
Average Cleveland Assessed Value
$149,810
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 Cleveland, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29635 | $17,868 | $53,520 | $149,810 | $264,785 | $410,298 |
Source: Ownwell
Property Tax Bills Across Cleveland, South Carolina
In Cleveland, SC, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For homeowners in Greenville County, the median home price is $149,810. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as local tax rates, property exemptions, and assessment ratios influence the final amount. For example, homeowners in the 25th percentile can expect to pay around $586, while those in the 75th percentile might see bills as high as $3,187. At the 90th percentile, tax bills can reach up to $5,892. The highest median tax bill in the area is $1,412, which is significantly higher than the national median property tax rate of 0.99%. These property tax bills can significantly impact homeowners, influencing their overall housing costs and financial planning. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Cleveland Tax Bill
$1,412
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 Cleveland, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29635 | $190 | $586 | $1,412 | $3,187 | $5,892 |
Source: Ownwell