Clio, South Carolina Property Taxes
The median property tax rate in Clio, SC is 0.75%, which is lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $36,440 in Clio, the typical annual property tax bill is $276, significantly below the national median of $2,690. Property taxes in Clio are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clio'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 Clio 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
Clio, South Carolina Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Clio Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clio with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clio 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 Clio, South Carolina
Property taxes in Clio, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clio is 0.75%, significantly lower than both the South Carolina state median of 0.56% and the U.S. national median of 0.99%. Local government entities within Clio set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clio 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 Clio's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29525 zip code has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with Clio provides valuable insights into the varying tax landscape across Marlboro County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clio Tax Rate
0.75%
Average Marlboro County Tax Rate
0.75%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clio, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29525 | 0.25% | 0.47% | 0.75% | 1.84% | 3.61% |
Source: Ownwell
Property Tax Assessment Values Across Clio, South Carolina
In Clio, 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 Marlboro 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 Clio, 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 Clio 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 $276, found in the 29525 zip code.
Average Clio Assessed Value
$36,440
Average Marlboro County Assessed Value
$33,059
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clio, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29525 | $3,670 | $9,476 | $36,440 | $64,851 | $107,183 |
Source: Ownwell
Property Tax Bills Across Clio, South Carolina
In Clio, SC, property tax bills are calculated based on the assessed value of the home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $36,440 in Clio, homeowners can expect to pay varying amounts depending on their home's assessed value and the specific tax rate applied by Marlboro County. Several factors influence the final tax bill, including property location, local tax rates, and any applicable exemptions or deductions. Homeowners in Clio typically see tax bills ranging from $157 at the 25th percentile to $746 at the 90th percentile. The median tax bill in Marlboro County is $276, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Clio Tax Bill
$276
Average Marlboro County Tax Bill
$278
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Clio, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29525 | $32 | $157 | $276 | $471 | $746 |
Source: Ownwell