Piedmont, South Carolina Property Taxes
The median property tax rate in Piedmont, SC is 0.79%, which is lower than the national median of 0.99% but slightly higher than the South Carolina state median of 0.72%. With the median home value in Piedmont at $116,690, the typical annual property tax bill is $1,135, falling below the national median of $2,690. Property taxes in Piedmont are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Piedmont'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 Piedmont 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
Piedmont, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$922
$855
Ownwell's Piedmont Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Piedmont with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Piedmont to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities, enabling better financial planning and decision-making. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Piedmont, South Carolina
Property taxes in Piedmont, 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 Piedmont is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Piedmont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Piedmont 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 Piedmont's effective property tax rate to other areas in South Carolina and the national median. For comparison, the 29673 zip code has both the highest and lowest median property tax rate of 0.79%. Understanding how these areas compare with Piedmont 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 Piedmont Tax Rate
0.79%
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 Piedmont, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29673 | 0.45% | 0.67% | 0.79% | 1.98% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Piedmont, South Carolina
In Piedmont, 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 Piedmont, 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 Piedmont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 29673 has the highest and lowest median tax bill at $1135, reflecting the diverse property values within the area.
Property Tax Assessment Values Across Piedmont, South Carolina
Source: Ownwell
$55,400
$147,390
$239,380
Average Piedmont Assessed Value
$116,690
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 Piedmont, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29673 | $18,220 | $60,500 | $116,690 | $213,875 | $282,040 |
Source: Ownwell
Property Tax Bills Across Piedmont, South Carolina
In Piedmont, 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 Piedmont is $116,690. Tax authorities apply the local property tax rate to this assessed value to determine the annual tax bill. For Piedmont, the tax bills vary significantly, with the 25th percentile at $528 and the 75th percentile at $1,752. Homeowners in the 90th percentile face tax bills as high as $2,666. Several factors influence these tax bills, including changes in property values, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Piedmont's tax bills reflect the local economic conditions and municipal budgetary needs. These property taxes are crucial for funding public services like schools, infrastructure, and emergency services, directly impacting homeowners' financial planning and community quality of life.
Average Piedmont Tax Bill
$1,135
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 Piedmont, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29673 | $233 | $528 | $1,135 | $1,752 | $2,666 |
Source: Ownwell