Bethune, South Carolina Property Taxes
The median property tax rate in Bethune, SC is 0.81%, 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 $30,220 in Bethune, the typical annual property tax bill is $723, which is 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 like 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 the city, 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
0.81%
Estimate Property Tax Bill
$245
$227
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, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Bethune is 0.56%, significantly lower than both the South Carolina state median of 0.57% and 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 highest median property tax rate in Kershaw County is 0.56%, while the lowest median tax rate is also 0.56%. 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
0.81%
Average Lee County Tax Rate
0.82%
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 | 0.28% | 0.73% | 0.81% | 2.15% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Bethune, South Carolina
In Bethune, 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 Lee 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 zip code with the highest median tax bill is 29009 at $723.00, which is also the lowest median tax bill in the area.
Average Bethune Assessed Value
$30,220
Average Lee County Assessed Value
$18,320
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 | $10,830 | $16,950 | $30,220 | $52,940 | $210,491 |
Source: Ownwell
Property Tax Bills Across Bethune, South Carolina
In Bethune, SC, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Bethune, the median home price is $30,220. Property tax bills in the area can vary significantly, with the 25th percentile at $246 and the 75th percentile at $905. At the higher end, the 90th percentile of tax bills reaches $1,709. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Homeowners in Bethune face a median tax bill of $723, which is relatively low compared to the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable in Bethune, but it's essential for homeowners to stay informed about any changes in property assessments or tax rates that could impact their annual tax obligations.
Average Bethune Tax Bill
$723
Average Lee County Tax Bill
$174
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 | $201 | $246 | $723 | $905 | $1,709 |
Source: Ownwell