Greenville, South Carolina Property Taxes
The median property tax rate in Greenville, SC is 0.88%, which is lower than the national median of 0.99% but higher than the South Carolina state median of 0.72%. Given the median home value in Greenville is $155,095, the typical annual property tax bill amounts to $1,645, which is below the national median of $2,690. Property taxes in Greenville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Greenville'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 Greenville or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greenville, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,365
$1,267
Ownwell’s Greenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenville 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 Greenville, South Carolina
Property taxes in Greenville, 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 Greenville is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Greenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenville 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 Greenville's effective property tax rate to other areas in the county and the national median. For comparison, the 29611 zip code has the highest median property tax rate of 2.17%, while the 29615 zip code has the lowest median tax rate of 0.71%. Understanding how these areas compare with Greenville 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 Greenville Tax Rate
0.88%
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 Greenville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29601 | 0.68% | 0.82% | 0.85% | 2.20% | 2.50% |
| 29605 | 0.62% | 0.75% | 0.99% | 2.22% | 2.73% |
| 29607 | 0.52% | 0.65% | 0.82% | 1.30% | 2.22% |
| 29609 | 0.64% | 0.80% | 0.93% | 2.20% | 2.78% |
| 29611 | 0.63% | 1.03% | 2.17% | 2.79% | 3.37% |
| 29615 | 0.53% | 0.60% | 0.71% | 0.88% | 2.00% |
| 29617 | 0.62% | 0.72% | 1.05% | 2.36% | 2.77% |
Source: Ownwell
Property Tax Assessment Values Across Greenville, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Greenville, South Carolina. The market value represents the price a willing buyer would pay a willing seller in an open market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local 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 Greenville, 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. For example, the highest median tax bill in Greenville is $2,778 in the 29601 zip code, while the lowest median tax bill is $1,165 in the 29611 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Greenville, South Carolina
Source: Ownwell
$55,400
$147,390
$239,380
Average Greenville Assessed Value
$155,095
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 Greenville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29601 | $37,030 | $101,378 | $220,000 | $461,030 | $729,260 |
| 29605 | $43,402 | $69,080 | $140,525 | $257,080 | $518,862 |
| 29607 | $68,682 | $125,115 | $207,470 | $306,220 | $455,052 |
| 29609 | $42,604 | $83,900 | $168,710 | $271,712 | $413,630 |
| 29611 | $20,366 | $43,280 | $71,350 | $112,960 | $159,866 |
| 29615 | $112,502 | $156,970 | $226,610 | $327,900 | $495,918 |
| 29617 | $50,590 | $80,192 | $120,470 | $190,870 | $264,861 |
Source: Ownwell
Property Tax Bills Across Greenville, South Carolina
In Greenville, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate, known as the millage rate, is then applied to this assessed value to determine the tax bill. This millage rate can vary annually based on budgetary needs and public services funding. Several factors influence the tax bill, including property location, size, and improvements. For instance, homes in the 29601 zip code have the highest median tax bill at $2,778, while those in the 29611 zip code have the lowest median tax bill at $1,165. The median home price in Greenville is $155,095, with tax bills ranging from $995 at the 25th percentile to $4,582 at the 90th percentile. These property taxes significantly impact homeowners, affecting their annual expenses and potentially influencing their decisions on home improvements and investments. Compared to the national median property tax rate of 0.99%, Greenville's rates can offer a relatively affordable option for homeowners.
Average Greenville Tax Bill
$1,645
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 Greenville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29601 | $405 | $1,239 | $2,778 | $5,244 | $8,165 |
| 29605 | $425 | $910 | $1,630 | $3,147 | $5,309 |
| 29607 | $597 | $1,124 | $1,784 | $2,980 | $4,734 |
| 29609 | $580 | $1,101 | $1,834 | $2,871 | $4,716 |
| 29611 | $310 | $653 | $1,165 | $1,786 | $2,601 |
| 29615 | $850 | $1,246 | $1,810 | $2,796 | $4,140 |
| 29617 | $534 | $934 | $1,481 | $2,142 | $3,172 |
Source: Ownwell