Slater, South Carolina Property Taxes
The median property tax rate in Slater, SC is 0.68%, which is lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Slater at $55,400, the typical annual property tax bill reaches $662, significantly below the national median of $2,690. Property taxes in Slater 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 Slater'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 Slater or another part of Greenville County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Slater, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$377
$350
Ownwell’s Slater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Slater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Slater 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 Slater, South Carolina
Property taxes in Slater, 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 Slater is 0.68%, lower than the U.S. national median of 0.99%. Local government entities within Slater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Slater 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 Slater's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29683 zip code has both the highest and lowest median property tax rate of 0.68%. Understanding how these areas compare with Slater 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 Slater Tax Rate
0.68%
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 Slater, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29683 | 0.12% | 0.65% | 0.68% | 1.93% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Slater, South Carolina
In Slater, 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 Slater, 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 Slater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $662 in zip code 29683, which is also the lowest median tax bill, reflecting a unique uniformity in property tax burdens within the community.
Average Slater Assessed Value
$55,400
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 Slater, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29683 | $40,002 | $47,340 | $55,400 | $74,450 | $116,976 |
Source: Ownwell
Property Tax Bills Across Slater, South Carolina
In Slater, Greenville County, SC, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Slater is $55,400. Property taxes are then determined by applying the local tax rate to this assessed value. For instance, homeowners in the 25th percentile can expect a tax bill around $336, while those in the 75th percentile might see bills closer to $1,017. The highest median tax bill in the area is $662, which is significantly lower than the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value and, consequently, the tax bill. For homeowners, these taxes impact their annual budgeting and long-term financial planning. Keeping abreast of local property tax trends can help homeowners anticipate changes in their tax obligations and make informed decisions about their property investments.
Average Slater Tax Bill
$662
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 Slater, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29683 | $62 | $336 | $662 | $1,017 | $1,407 |
Source: Ownwell