Kershaw, South Carolina Property Taxes
The median property tax rate in Kershaw, SC is 0.64%, considerably lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Kershaw at $67,300, the typical annual property tax bill reaches $544, well below the national median of $2,690. Property taxes in Kershaw 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 Kershaw'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 Kershaw 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
Kershaw, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$431
Ownwell’s Kershaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kershaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kershaw 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 Kershaw, South Carolina
Property taxes in Kershaw, 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 Kershaw is 0.64%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Kershaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kershaw 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 Kershaw's effective property tax rate to other areas in South Carolina and the national median. For comparison, the zip code 29067 has the highest and lowest median property tax rate of 0.64%. Understanding how these areas compare with Kershaw provides valuable insights into the varying tax landscape across Lancaster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kershaw Tax Rate
0.64%
Average Lancaster County Tax Rate
0.65%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kershaw, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29067 | 0.28% | 0.55% | 0.64% | 1.98% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Kershaw, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kershaw, 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 Lancaster County 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 Kershaw, 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. The median home price in Kershaw is $67,300, with tax bills ranging from $260 at the 25th percentile to $1,603 at the 90th percentile. Notably, the zip code 29067 has the highest median tax bill of $544. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kershaw Assessed Value
$67,300
Average Lancaster County Assessed Value
$164,500
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kershaw, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29067 | $14,160 | $35,288 | $67,300 | $115,550 | $178,117 |
Source: Ownwell
Property Tax Bills Across Kershaw, South Carolina
In Kershaw, property tax bills are calculated based on the assessed value of a home, which is determined by the Lancaster County Assessor's Office. The tax rate, or millage rate, is then applied to this assessed value. The median home price in Kershaw is $67,300, and property tax bills can vary significantly within the city. For instance, the tax bill at the 25th percentile is $260, while at the 75th percentile, it rises to $996. The 90th percentile sees tax bills reaching up to $1,603. Several factors influence these variations, including property location, improvements, and any applicable exemptions. Homeowners in Kershaw experience a range of property tax obligations, with the highest median tax bill recorded at $544 in the 29067 zip code. These tax bills impact homeowners by affecting their annual financial planning and potentially their decisions on property investment. Compared to the national median property tax rate of 0.99%, Kershaw’s rates can offer a more affordable option for homeowners.
Average Kershaw Tax Bill
$544
Average Lancaster County Tax Bill
$1,306
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Kershaw, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29067 | $121 | $260 | $544 | $996 | $1,603 |
Source: Ownwell