Liberty Hill, South Carolina Property Taxes
The median property tax rate in Liberty Hill, South Carolina is 1.61%, considerably higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Liberty Hill at $280,200, the typical annual property tax bill reaches $2,070, which is below the national median of $2,690. Property taxes in Liberty Hill 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 Liberty Hill'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 Liberty Hill 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
Liberty Hill, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$4,511
Ownwell’s Liberty Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Liberty Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Liberty Hill 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 Liberty Hill, South Carolina
Property taxes in Liberty Hill, South Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Liberty Hill is 0.56%, which is lower than both the South Carolina state median of 0.57% and the U.S. national median of 0.99%. Local government entities within Liberty Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Liberty Hill 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 Liberty Hill's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29074 zip code has the highest median property tax rate of 0.56%, while the same zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Liberty Hill 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 Liberty Hill Tax Rate
1.61%
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 Liberty Hill, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29074 | 0.46% | 0.51% | 1.61% | 1.83% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Liberty Hill, South Carolina
In Liberty Hill, South Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Liberty Hill, 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 Liberty Hill 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 $2,070, found in zip code 29074.
Property Tax Assessment Values Across Liberty Hill, South Carolina
Source: Ownwell
$22,500
$157,450
$292,400
Average Liberty Hill Assessed Value
$280,200
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 Liberty Hill, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29074 | $26,440 | $149,800 | $280,200 | $354,900 | $465,000 |
Source: Ownwell
Property Tax Bills Across Liberty Hill, South Carolina
In Liberty Hill, located in Kershaw County, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Several factors influence this assessment, including the property's location, size, and condition. Once the assessed value is determined, the local tax rate, or millage rate, is applied. This rate is set by local government entities and varies annually. Homeowners in Liberty Hill can expect their property tax bills to fall within a range, with the 25th percentile at $1,055 and the 75th percentile reaching $4,609. For those in the 90th percentile, tax bills can go up to $6,297. Comparatively, the national median property tax rate is 0.99%, making Liberty Hill's property taxes relatively moderate. These tax bills fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Liberty Hill Tax Bill
$2,070
Average Kershaw County Tax Bill
$792
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Liberty Hill, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29074 | $333 | $1,055 | $2,070 | $4,609 | $6,297 |
Source: Ownwell