Greenwood, Greenwood County, South Carolina Property Taxes
Median Greenwood, SC effective property tax rate: 2.17%, significantly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Greenwood, SC home value: $17,500
Median annual Greenwood, SC tax bill: $341, $2,059 lower than the national median property tax bill of $2,400.
How are property taxes in Greenwood calculated?
Property taxes in Greenwood, SC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Greenwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Greenwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Greenwood, Greenwood County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.17%
Estimate Property Tax Bill
$380
$352
Property Tax Rates Across Greenwood, Greenwood County, South Carolina
Local government entities are responsible for setting tax rates, which can vary significantly within a state. The process involves each county estimating its required budget for services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Greenwood, SC, the effective property tax rate is higher than the national median of 1.02%, reflecting the county's budgetary needs and property values. The median property tax rate in Greenwood County stands at 2.17%, which is notably above the national median and highlights the variability of tax rates within South Carolina. The highest and lowest median tax rates are both recorded at 2.20% in zip code 29646, indicating a uniformity in tax rates within that area. This comparison underscores the importance of understanding local tax dynamics, as they can significantly impact property owners' financial responsibilities.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Greenwood Tax Rate
2.17%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Greenwood County Tax Rate
2.03%
Median Effective South Carolina Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Greenwood, Greenwood County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29646 | 0.49% | 0.86% | 2.20% | 2.99% | 4.44% |
| 29649 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Greenwood, Greenwood County, South Carolina
When examining property taxes in Greenwood, SC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Greenwood County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Greenwood County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Greenwood. For example, the median home price in Greenwood is $17,500, with tax bills ranging significantly across the county. Zip code 29646 has the highest median home price at $17,000.
Property Tax Assessment Values Across Greenwood, Greenwood County, South Carolina
Source: Ownwell
$17,000
$28,500
$40,000
Median Greenwood Market Value
$17,500
Median Greenwood County Market Value
$17,500
Median South Carolina Market Value
$140,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Greenwood, Greenwood County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29646 | $2,000 | $5,000 | $17,000 | $50,000 | $105,700 |
| 29649 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Greenwood, Greenwood County, South Carolina
Median Greenwood Tax Bill
$341
Median Greenwood County Tax Bill
$298
Median South Carolina Tax Bill
$1,086
Median United States Tax Bill
$2,400
Property Tax Bills Across Greenwood, Greenwood County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29646 | $58 | $144 | $312 | $825 | $1,433 |
| 29649 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell