Mauldin, South Carolina Property Taxes
The median property tax rate in Mauldin, SC is 0.72%, aligning with the state median but lower than the national median of 0.99%. With the median home value in Mauldin, the typical annual property tax bill reaches $1,192, which is significantly below the national median of $2,690. Property taxes in Mauldin are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mauldin'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 Mauldin 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
Mauldin, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,131
$1,049
Ownwell’s Mauldin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mauldin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mauldin 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 Mauldin, South Carolina
Property taxes in Mauldin, 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 Mauldin is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Mauldin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mauldin 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 Mauldin's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29662 has both the highest and lowest median property tax rate of 0.72%. Understanding how these cities compare with Mauldin 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 Mauldin Tax Rate
0.72%
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 Mauldin, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29662 | 0.47% | 0.61% | 0.72% | 0.73% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Mauldin, South Carolina
In Mauldin, 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 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. Assessment notices in Mauldin 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 Mauldin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mauldin is $157,060, with the highest and lowest median tax bills both being $1,192 in the 29662 zip code.
Average Mauldin Assessed Value
$157,060
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 Mauldin, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29662 | $106,800 | $130,935 | $157,060 | $189,120 | $230,903 |
Source: Ownwell
Property Tax Bills Across Mauldin, South Carolina
In Mauldin, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, reflecting the property's worth. Homeowners in Mauldin, located in Greenville County, experience varying tax bills depending on their property's assessed value and the local tax rate. The median home price in Mauldin is $157,060, and tax bills can range significantly. For instance, the 25th percentile tax bill is $879, while the 75th percentile tax bill is $1767, and the 90th percentile tax bill is $3028. These tax bills impact homeowners by influencing their overall housing costs. Compared to the national median property tax rate of 0.99%, Mauldin's property tax rates offer a unique perspective on local taxation. The highest and lowest median tax bills in Mauldin are both $1192, highlighting a level of consistency within the area. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Mauldin Tax Bill
$1,192
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 Mauldin, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29662 | $619 | $879 | $1,192 | $1,767 | $3,028 |
Source: Ownwell