Fountain Inn, South Carolina Property Taxes
The median property tax rate in Fountain Inn, SC is 0.82%, which is lower than the national median of 0.99% but higher than the South Carolina state median of 0.72%. With the median home value in Fountain Inn at $162,200, the typical annual property tax bill is $1,403, significantly below the national median of $2,690. Property taxes in Fountain Inn are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Fountain Inn'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 Fountain Inn or another part of Greenville County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fountain Inn, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,330
Ownwell’s Fountain Inn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fountain Inn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fountain Inn 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 Fountain Inn, South Carolina
Property taxes in Fountain Inn, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fountain Inn is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Fountain Inn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fountain Inn 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 Fountain Inn's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29644 has the same median property tax rate of 0.82%, as it represents the entire area of Fountain Inn. Understanding how these cities compare with Fountain Inn 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 Fountain Inn Tax Rate
0.82%
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 Fountain Inn, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29644 | 0.51% | 0.64% | 0.82% | 1.00% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Fountain Inn, South Carolina
In Fountain Inn, 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 Fountain Inn, 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 Fountain Inn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $162,200, with the highest median tax bill in the 29644 zip code at $1,403, and the lowest median tax bill also in the 29644 zip code at $1,403.
Property Tax Assessment Values Across Fountain Inn, South Carolina
Source: Ownwell
$55,400
$147,390
$239,380
Average Fountain Inn Assessed Value
$162,200
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 Fountain Inn, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29644 | $50,800 | $102,270 | $162,200 | $250,295 | $342,426 |
Source: Ownwell
Property Tax Bills Across Fountain Inn, South Carolina
In Fountain Inn, located in Greenville County, SC, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Fountain Inn is $162,200. Property taxes are then determined by applying the local tax rate to this assessed value. For example, homeowners in the 25th percentile can expect an annual tax bill of around $886, while those in the 75th percentile may see bills as high as $2,109. The tax bill for homeowners in the 90th percentile can reach up to $3,039. Several factors influence these tax bills, including property size, location, and any applicable exemptions. The highest median tax bill in the area is $1,403, which is consistent across the zip code 29644. Compared to the national median property tax rate of 0.99%, Fountain Inn's tax rates reflect a localized approach to property assessment and taxation, significantly impacting homeowners' annual financial planning.
Average Fountain Inn Tax Bill
$1,403
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 Fountain Inn, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29644 | $404 | $886 | $1,403 | $2,109 | $3,039 |
Source: Ownwell