Bethune, South Carolina Property Taxes
The median property tax rate in Bethune, SC is 0.77%, slightly higher than the South Carolina state median of 0.72% but lower than the national median of 0.99%. With the median home value in Bethune at $56,100, the typical annual property tax bill amounts to $441, significantly below the national median of $2,690. Property taxes in Bethune are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Bethune'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 Bethune or another part of Kershaw County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bethune, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$432
$401
Ownwell’s Bethune Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bethune with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bethune 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 Bethune, South Carolina
Property taxes in Bethune, 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 Bethune is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Bethune set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bethune 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 Bethune's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29009 has both the highest and lowest median property tax rate of 0.77%. Understanding how these cities compare with Bethune provides valuable insights into the varying tax landscape across Kershaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bethune Tax Rate
0.77%
Average Kershaw County Tax Rate
0.66%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bethune, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29009 | 0.33% | 0.46% | 0.77% | 2.03% | 2.92% |
Source: Ownwell
Property Tax Assessment Values Across Bethune, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bethune, South Carolina. 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 Kershaw 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 Bethune, 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 Bethune helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $441.00, found in the zip code 29009.
Average Bethune Assessed Value
$56,100
Average Kershaw County Assessed Value
$113,100
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bethune, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29009 | $8,500 | $16,200 | $56,100 | $105,800 | $172,330 |
Source: Ownwell
Property Tax Bills Across Bethune, South Carolina
In Bethune, located in Kershaw County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. For a typical home with a median price of $56,100, the assessed value is determined and then multiplied by the local tax rate. This rate is set by the county and can vary annually based on budget needs and voter-approved measures. Homeowners in Bethune can expect their property tax bills to range significantly. At the 25th percentile, the tax bill is around $242, while at the 75th percentile, it climbs to $824. For those at the 90th percentile, the tax bill can reach up to $1,355. The highest median tax bill in Bethune is $441, which is relatively modest compared to the national median property tax rate of 0.99%. These property taxes fund essential services such as public schools, infrastructure maintenance, and emergency services, directly impacting the quality of life in Bethune. Homeowners need to consider these taxes as part of their overall housing costs, as they can influence affordability and long-term financial planning.
Average Bethune Tax Bill
$441
Average Kershaw County Tax Bill
$792
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Bethune, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29009 | $123 | $242 | $441 | $824 | $1,355 |
Source: Ownwell