Kinards, South Carolina Property Taxes
The median property tax rate in Kinards, SC is 0.73%, slightly higher than the South Carolina state median of 0.72% but lower than the national median of 0.99%. With the median home value in Kinards at $93,700, the typical annual property tax bill amounts to $731, which is significantly below the national median of $2,690. Property taxes in Kinards are determined based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Kinards' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kinards or another part of Newberry County, being informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kinards, 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 Kinards Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kinards with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kinards 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 Kinards, South Carolina
Property taxes in Kinards, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kinards is 0.73%, lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Kinards set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kinards 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 Kinards' effective property tax rate to other areas in South Carolina and the national median. For comparison, the 29355 zip code has the highest median property tax rate of 0.73%, while the same zip code also has the lowest median tax rate of 0.73%. Understanding how these areas compare with Kinards provides valuable insights into the varying tax landscape across Newberry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kinards Tax Rate
0.73%
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 Kinards, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29355 | 0.27% | 0.49% | 0.73% | 0.74% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Kinards, South Carolina
In Kinards, 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 Newberry County Assessor's Office 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 Kinards, 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 Kinards helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Kinards is $93,700, with tax bills ranging from $242 at the 25th percentile to $1,833 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 29355, with a median tax bill of $731.
Average Kinards Assessed Value
$93,700
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 Kinards, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29355 | $14,010 | $30,425 | $93,700 | $173,325 | $256,980 |
Source: Ownwell
Property Tax Bills Across Kinards, South Carolina
In Kinards, located in Newberry County, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. Homeowners in Kinards can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill stands at $242, while the 75th percentile tax bill reaches $1,287, and the 90th percentile tax bill can go up to $1,833. These figures indicate that property taxes can represent a substantial portion of a homeowner's annual expenses. The median home price in Kinards is $93,700, which influences the overall tax bill. Compared to the national median property tax rate of 0.99%, the property tax rates in Kinards can be seen as relatively moderate. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Kinards Tax Bill
$731
Average Newberry County Tax Bill
$768
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Kinards, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29355 | $90 | $242 | $731 | $1,287 | $1,833 |
Source: Ownwell