Simpsonville, South Carolina Property Taxes
The median property tax rate in Simpsonville, SC is 0.64%, notably lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Simpsonville at $224,315, the typical annual property tax bill amounts to $1,655, which is significantly less than the national median of $2,690. Property taxes in Simpsonville are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Simpsonville'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 Simpsonville or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Simpsonville, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,436
$1,332
Ownwell’s Simpsonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Simpsonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Simpsonville 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 Simpsonville, South Carolina
Property taxes in Simpsonville, 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 Simpsonville is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Simpsonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Simpsonville 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 Simpsonville's effective property tax rate to other areas in Greenville County and the national median. For comparison, the 29680 zip code has the highest median property tax rate of 0.67%, while the 29681 zip code has the lowest median tax rate of 0.63%. Understanding how these areas compare with Simpsonville 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 Simpsonville Tax Rate
0.64%
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 Simpsonville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29680 | 0.52% | 0.64% | 0.67% | 0.85% | 1.94% |
| 29681 | 0.51% | 0.60% | 0.63% | 0.81% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Simpsonville, South Carolina
In Simpsonville, 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 Simpsonville, 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. The median home price in Simpsonville is $224,315, and property tax bills can vary significantly. For example, the zip code 29681 has the highest median tax bill at $1,735, while the zip code 29680 has the lowest at $1,511. 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 Simpsonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Simpsonville, South Carolina
Source: Ownwell
$55,400
$147,390
$239,380
Average Simpsonville Assessed Value
$224,315
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 Simpsonville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29680 | $102,928 | $156,670 | $201,690 | $265,750 | $351,274 |
| 29681 | $131,294 | $177,810 | $237,420 | $324,760 | $437,802 |
Source: Ownwell
Property Tax Bills Across Simpsonville, South Carolina
In Simpsonville, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate set by Greenville County. For instance, the median home price in Simpsonville is $224,315. Homeowners can expect tax bills that vary significantly based on their property’s assessed value and specific tax rate. Several factors influence the tax bill, including the property's location within different zip codes. For example, the highest median tax bill in Simpsonville's 29681 zip code is $1,735, while the lowest is $1,511 in the 29680 zip code. These amounts are influenced by varying local tax rates and assessments. Homeowners in the 25th percentile pay around $1,178, whereas those in the 75th percentile face bills of approximately $2,424. The 90th percentile sees even higher bills, reaching up to $3,656. Compared to the national median property tax rate of 0.99%, Simpsonville's tax bills reflect the local economic conditions and housing market, directly impacting homeowners' annual financial obligations.
Average Simpsonville Tax Bill
$1,655
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 Simpsonville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29680 | $770 | $1,101 | $1,511 | $2,172 | $3,431 |
| 29681 | $878 | $1,228 | $1,735 | $2,519 | $3,779 |
Source: Ownwell