Greer, South Carolina Property Taxes
The median property tax rate in Greer, SC is 0.70%, 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 $208,170 in Greer, the typical annual property tax bill is around $1,790, significantly below the national median of $2,690. Property taxes in Greer are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Greer'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 Greer 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
Greer, 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 Greer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greer 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 Greer, South Carolina
Property taxes in Greer, 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 Greer is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Greer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greer 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 Greer's effective property tax rate to other areas in Greenville County and the national median. For comparison, the 29650 zip code has the highest median property tax rate of 0.82%, while the 29651 zip code has the lowest median tax rate of 0.65%. Understanding how these areas compare with Greer 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 Greer Tax Rate
0.70%
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 Greer, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29650 | 0.55% | 0.65% | 0.82% | 1.02% | 2.35% |
| 29651 | 0.48% | 0.60% | 0.65% | 1.00% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Greer, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Greer, South Carolina. 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 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 Greer, 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 instance, the highest median tax bill in Greer is $1993 in zip code 29650, whereas the lowest is $1538 in zip code 29651. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Greer Assessed Value
$208,170
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 Greer, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29650 | $112,131 | $157,820 | $219,560 | $311,822 | $415,329 |
| 29651 | $58,992 | $119,550 | $193,095 | $277,108 | $389,317 |
Source: Ownwell
Property Tax Bills Across Greer, South Carolina
In Greer, property tax bills are calculated based on the assessed value of a property, which is determined by the Greenville County Assessor's Office. The assessed value is a percentage of the market value of the home. Homeowners in Greer see a range of property tax bills, with the 25th percentile at $1,200 and the 75th percentile at $2,597. High-value properties can see tax bills as high as $3,813, reflecting the variability in property values and tax rates within the area. The median home price in Greer is $208,170, and property tax bills vary significantly by zip code. For instance, the highest median tax bill in the 29650 zip code is $1,993, while the lowest median tax bill in the 29651 zip code is $1,538. These figures highlight the impact of location and assessed property value on tax liabilities. With a national median property tax rate of 0.99%, Greer homeowners might find their tax bills relatively competitive, depending on their property's assessed value and specific location within the city.
Average Greer Tax Bill
$1,790
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 Greer, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29650 | $966 | $1,439 | $1,993 | $2,892 | $4,154 |
| 29651 | $437 | $958 | $1,538 | $2,231 | $3,249 |
Source: Ownwell