Newberry County, South Carolina Property Taxes
The median property tax rate in Newberry County is 0.76%, which is lower than the national median of 0.99% but slightly higher than the South Carolina state median of 0.72%. With the median home value in Newberry County at $69,300, the typical annual property tax bill is approximately $768, significantly lower than the national median of $2,690. Property taxes in Newberry County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Newberry County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Newberry or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newberry County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$527
$489
Ownwell’s Newberry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Newberry with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Newberry to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Newberry County, South Carolina
Property taxes in Newberry County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Newberry County is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Newberry County set these rates annually, and they can vary significantly between different areas within the county. Each year, Newberry County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Whitmire has one of the higher property tax rates in South Carolina at 1.16%, while the city of Kinards boasts one of the lowest at 0.73%. Analyzing how Newberry County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Newberry County Tax Rate
0.76%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newberry County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chapin | 0.28% | 0.50% | 0.74% | 0.74% | 2.19% |
| Chappells | 0.39% | 0.58% | 0.74% | 1.69% | 2.20% |
| Clinton | N/A | N/A | N/A | N/A | N/A |
| Cross Hill | 0.60% | 0.64% | 0.74% | 0.74% | 2.19% |
| Kinards | 0.27% | 0.49% | 0.73% | 0.74% | 1.29% |
| Little Mountain | 0.41% | 0.57% | 0.74% | 0.76% | 2.19% |
| Newberry | 0.44% | 0.74% | 1.15% | 2.20% | 2.68% |
| Peak | N/A | N/A | N/A | N/A | N/A |
| Pomaria | 0.32% | 0.53% | 0.74% | 0.75% | 2.18% |
| Prosperity | 0.42% | 0.61% | 0.74% | 0.91% | 2.20% |
| Silverstreet | 0.40% | 0.71% | 0.74% | 0.89% | 2.20% |
| Whitmire | 0.33% | 0.74% | 1.16% | 2.78% | 2.82% |
Source: Ownwell
Property Tax Assessment Values Across Newberry County, South Carolina
In Newberry, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Newberry Appraisal District. The assessed value, however, 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. Assessment notices in Newberry are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in Newberry is in Cross Hill at $2,758, while the lowest is in Silverstreet at $418. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Newberry County, South Carolina
Source: Ownwell
$33,700
$211,000
$388,300
Average Newberry County Assessed Value
$69,300
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newberry County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chapin | $11,000 | $34,900 | $99,800 | $178,000 | $231,480 |
| Chappells | $12,320 | $40,400 | $116,600 | $212,200 | $325,300 |
| Clinton | N/A | N/A | N/A | N/A | N/A |
| Cross Hill | $249,460 | $323,200 | $388,300 | $467,500 | $558,000 |
| Kinards | $14,010 | $30,425 | $93,700 | $173,325 | $256,980 |
| Little Mountain | $13,200 | $42,200 | $134,700 | $200,300 | $279,000 |
| Newberry | $6,500 | $15,000 | $54,000 | $126,500 | $208,850 |
| Peak | N/A | N/A | N/A | N/A | N/A |
| Pomaria | $12,000 | $36,750 | $124,600 | $196,700 | $287,000 |
| Prosperity | $12,500 | $38,300 | $139,100 | $252,900 | $384,700 |
| Silverstreet | $5,480 | $12,775 | $47,500 | $112,825 | $164,010 |
| Whitmire | $3,200 | $15,550 | $33,700 | $65,850 | $105,070 |
Source: Ownwell
Property Tax Bills Across Newberry County, South Carolina
In Newberry County, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the home's market value. Once the assessed value is established, the tax rate, or millage rate, is applied to calculate the annual property tax bill. Factors such as property location, improvements, and exemptions can influence the final tax amount. For homeowners in Newberry County, the median home price stands at $69,300. Property tax bills can vary significantly, ranging from the 25th percentile at $257 to the 75th percentile at $1,537, and even reaching the 90th percentile at $2,639. The highest median tax bill in the county is $2,758 in Cross Hill, while Silverstreet has the lowest at $418. Compared to the national median property tax rate of 0.99%, Newberry County's tax rates can offer a more affordable option for homeowners, depending on the specific area and property characteristics.
Average Newberry County Tax Bill
$768
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Newberry County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chapin | $98 | $231 | $815 | $1,207 | $1,661 |
| Chappells | $120 | $340 | $922 | $1,862 | $3,244 |
| Clinton | N/A | N/A | N/A | N/A | N/A |
| Cross Hill | $1,552 | $2,113 | $2,758 | $3,696 | $5,550 |
| Kinards | $90 | $242 | $731 | $1,287 | $1,833 |
| Little Mountain | $116 | $370 | $954 | $1,579 | $2,230 |
| Newberry | $95 | $237 | $697 | $1,438 | $2,473 |
| Peak | N/A | N/A | N/A | N/A | N/A |
| Pomaria | $106 | $292 | $852 | $1,423 | $2,139 |
| Prosperity | $129 | $403 | $1,117 | $2,070 | $3,406 |
| Silverstreet | $62 | $128 | $418 | $906 | $1,372 |
| Whitmire | $56 | $183 | $431 | $735 | $1,130 |
Source: Ownwell