Coosawhatchie, South Carolina Property Taxes
The median property tax rate in Coosawhatchie, SC is 0.64%, 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 Coosawhatchie at $107,900, the typical annual property tax bill is $386, significantly below the national median of $2,690. Property taxes in Coosawhatchie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Coosawhatchie'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 Coosawhatchie or another part of Jasper County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coosawhatchie, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$691
$641
Ownwell’s Coosawhatchie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coosawhatchie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coosawhatchie 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 Coosawhatchie, South Carolina
Property taxes in Coosawhatchie, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coosawhatchie is 0.64%, lower than the U.S. national median of 0.99%. Local government entities within Coosawhatchie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coosawhatchie 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 Coosawhatchie's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29912 has both the highest and lowest median property tax rate of 0.64%. Understanding how these cities compare with Coosawhatchie provides valuable insights into the varying tax landscape across Jasper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coosawhatchie Tax Rate
0.64%
Average Jasper County Tax Rate
0.79%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coosawhatchie, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29912 | 0.31% | 0.49% | 0.64% | 1.54% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Coosawhatchie, South Carolina
In Coosawhatchie, 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 Jasper 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 Coosawhatchie, 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 Coosawhatchie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $386.00, found in zip code 29912.
Property Tax Assessment Values Across Coosawhatchie, South Carolina
Source: Ownwell
$12,000
$184,550
$357,100
Average Coosawhatchie Assessed Value
$107,900
Average Jasper County Assessed Value
$92,100
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coosawhatchie, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29912 | $6,780 | $54,200 | $107,900 | $110,600 | $143,340 |
Source: Ownwell
Property Tax Bills Across Coosawhatchie, South Carolina
In Coosawhatchie, located in Jasper 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 this area is $107,900. To determine the property tax, local tax authorities multiply the assessed value by the local tax rate. Homeowners in Coosawhatchie experience a range of tax bills, with the 25th percentile paying around $259, while those in the 75th percentile pay approximately $884. The highest tax bills, at the 90th percentile, can reach up to $2,160. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions or deductions. These taxes are crucial for funding community services such as schools, infrastructure, and emergency services. While the median tax bill in Coosawhatchie is $386, which is below the national median property tax rate of 0.99%, it still represents a significant expense for homeowners, impacting their overall financial planning and homeownership costs.
Average Coosawhatchie Tax Bill
$386
Average Jasper County Tax Bill
$815
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Coosawhatchie, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29912 | $98 | $259 | $386 | $884 | $2,160 |
Source: Ownwell