Travelers Rest, South Carolina Property Taxes
The median property tax rate in Travelers Rest, SC is 0.67%, lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Travelers Rest at $156,800, the typical annual property tax bill comes to $1,268, which is below the national median of $2,690. Property taxes in Travelers Rest are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Travelers Rest'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 Travelers Rest 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
Travelers Rest, 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 Travelers Rest Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Travelers Rest. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Travelers Rest to provide a precise estimate of your property tax bill. This tool offers crucial insight into potential tax liabilities, helping you make informed decisions. For those interested in more detailed information at a neighborhood level, additional localized trends are available below. Your property’s assessed value, determined by Greenville County, is used for these calculations and takes into account any applicable exemptions.
Property Tax Rates Across Travelers Rest, South Carolina
Property taxes in Travelers Rest, 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 Travelers Rest is 0.67%, which is lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Travelers Rest set these rates annually, and they can vary significantly across different neighborhoods. Each year, Travelers Rest 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 Travelers Rest's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29690 has the highest median property tax rate of 0.67%, while the same zip code also has the lowest median tax rate of 0.67%. Understanding how these figures compare with Travelers Rest 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 Travelers Rest Tax Rate
0.67%
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 Travelers Rest, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29690 | 0.39% | 0.59% | 0.67% | 1.14% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Travelers Rest, South Carolina
In Travelers Rest, 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 Travelers Rest, 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 Travelers Rest helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $156,800, with tax bills ranging from $605 at the 25th percentile to $3,587 at the 90th percentile. The highest and lowest median tax bills are both $1,268, found in the 29690 zip code.
Property Tax Assessment Values Across Travelers Rest, South Carolina
Source: Ownwell
$55,400
$147,390
$239,380
Average Travelers Rest Assessed Value
$156,800
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 Travelers Rest, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29690 | $30,518 | $79,030 | $156,800 | $266,500 | $418,300 |
Source: Ownwell
Property Tax Bills Across Travelers Rest, South Carolina
In Travelers Rest, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. This assessed value typically represents a percentage of the property's market value. Homeowners in Greenville County, where Travelers Rest is located, find their tax bills influenced by several factors, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. For instance, the median home price in Travelers Rest is $156,800. Homeowners with properties in the 25th percentile of tax bills pay around $605, while those in the 75th percentile see bills closer to $2,183. The 90th percentile tax bill can reach up to $3,587. These variations highlight how different factors, such as property value and applicable exemptions, can significantly impact the overall tax burden. Comparatively, the median property tax rate in Travelers Rest is competitive, making it an attractive location for homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances effectively.
Average Travelers Rest Tax Bill
$1,268
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 Travelers Rest, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29690 | $229 | $605 | $1,268 | $2,183 | $3,587 |
Source: Ownwell