Heath Springs, Kershaw County, South Carolina Property Taxes
The median property tax rate in Heath Springs, SC is 0.88%, which is lower than the national median of 0.99% but higher than the South Carolina state median of 0.72%. With a median home value of $22,500 in Heath Springs, the typical annual property tax bill amounts to $360, significantly below the national median of $2,690. Property taxes in Heath Springs are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Heath Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Heath Springs or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Heath Springs, Kershaw County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$198
$184
Ownwell’s Heath Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Heath Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Heath Springs 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 Heath Springs, Kershaw County, South Carolina
Property taxes in Heath Springs, 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 Heath Springs is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Heath Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Heath Springs 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 Heath Springs' effective property tax rate to other areas in South Carolina and the national median. For comparison, the zip code 29058 has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these areas compare with Heath Springs 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.
Property Tax Rates Across Heath Springs, Kershaw County, South Carolina
Source: Ownwell
0.46%
1.04%
1.61%
Average Heath Springs Tax Rate
0.88%
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 Heath Springs, Kershaw County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29058 | 0.34% | 0.44% | 0.88% | 2.97% | 3.76% |
Source: Ownwell
Property Tax Assessment Values Across Heath Springs, Kershaw County, South Carolina
In Heath Springs, 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 Kershaw County Assessor's Office 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 Heath Springs, 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 Heath Springs 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 $360, found in zip code 29058.
Property Tax Assessment Values Across Heath Springs, Kershaw County, South Carolina
Source: Ownwell
$22,500
$157,450
$292,400
Average Heath Springs Assessed Value
$22,500
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 Heath Springs, Kershaw County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29058 | $6,580 | $10,200 | $22,500 | $80,900 | $301,060 |
Source: Ownwell
Property Tax Bills Across Heath Springs, Kershaw County, South Carolina
In Heath Springs, SC, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as property location, market conditions, and improvements can influence the assessed value. For example, with a median home price of $22,500 in Heath Springs, the tax bill can vary significantly. Homeowners in the 25th percentile might see tax bills around $203, while those in the 75th percentile could face bills up to $621. At the 90th percentile, tax bills can reach as high as $1,663. These property taxes fund essential services like schools, infrastructure, and public safety, directly impacting the community's quality of life. Although Heath Springs' property tax rates might seem relatively modest compared to the national median rate of 0.99%, they still represent a significant expense for homeowners, influencing decisions on homeownership and investments in property improvements.
Property Tax Bills Across Heath Springs, Kershaw County, South Carolina
Source: Ownwell
$307
$1,189
$2,070
Average Heath Springs Tax Bill
$360
Average Kershaw County Tax Bill
$792
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Heath Springs, Kershaw County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29058 | $78 | $203 | $360 | $621 | $1,663 |
Source: Ownwell