Jefferson, South Carolina Property Taxes
The median property tax rate in Jefferson, SC is 0.94%, slightly 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 $28,500 in Jefferson, the typical annual property tax bill is $307, which is significantly below the national median of $2,690. Property taxes in Jefferson are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jefferson'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 Jefferson 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
Jefferson, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$268
$249
Ownwell’s Jefferson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jefferson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jefferson 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 Jefferson, South Carolina
Property taxes in Jefferson, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jefferson is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Jefferson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jefferson 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 Jefferson's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29718 zip code has the same median property tax rate of 0.94%, reflecting a consistency in tax rates within the region. Understanding how these cities compare with Jefferson provides valuable insights into the varying tax landscape across Chesterfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jefferson Tax Rate
0.94%
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 Jefferson, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29718 | 0.37% | 0.45% | 0.94% | 2.08% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Jefferson, South Carolina
In Jefferson, 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 local appraisal district 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 Jefferson, 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 Jefferson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Jefferson is $28,500, with tax bills varying significantly, from $217 at the 25th percentile to $873 at the 90th percentile. The zip code 29718 has both the highest and lowest median tax bill, at $307.
Property Tax Assessment Values Across Jefferson, South Carolina
Source: Ownwell
$22,500
$157,450
$292,400
Average Jefferson Assessed Value
$28,500
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 Jefferson, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29718 | $10,000 | $13,950 | $28,500 | $68,750 | $109,700 |
Source: Ownwell
Property Tax Bills Across Jefferson, South Carolina
In Jefferson, located in Kershaw County, SC, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor's office, which evaluates the property's market value and then applies an assessment ratio. For residential properties, this ratio is typically 4%. The resulting assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including changes in property values, local government budgets, and any applicable exemptions. For example, homeowners in Jefferson can expect to pay a median property tax bill of around $307, which is relatively low compared to the national median property tax rate of 0.99%. For homeowners, this means that property taxes are a manageable part of their annual expenses, although those in higher-value homes might see higher bills, with the 90th percentile reaching up to $873. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Jefferson Tax Bill
$307
Average Kershaw County Tax Bill
$792
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Jefferson, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29718 | $80 | $217 | $307 | $436 | $873 |
Source: Ownwell