Branchville, South Carolina Property Taxes
The median property tax rate in Branchville, SC is 1.06%, higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $31,270 in Branchville, the typical annual property tax bill is $439, which is well below the national median of $2,690. Property taxes in Branchville are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Branchville'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 Branchville 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
Branchville, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$331
$308
Ownwell’s Branchville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Branchville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Branchville to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Branchville, South Carolina
Property taxes in Branchville, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Branchville is 0.52%, lower than both the South Carolina state median of 0.56% and the U.S. national median of 0.99%. Local government entities within Branchville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Branchville 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 Branchville's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29432 zip code has the highest median property tax rate of 0.52%, while the same 29432 zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Branchville provides valuable insights into the varying tax landscape across Orangeburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Branchville Tax Rate
1.06%
Average Orangeburg County Tax Rate
0.81%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Branchville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29432 | 0.33% | 0.63% | 1.06% | 2.45% | 2.89% |
Source: Ownwell
Property Tax Assessment Values Across Branchville, South Carolina
In Branchville, 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 Orangeburg 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 Branchville, 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 Branchville 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 $439, found in the 29432 zip code.
Property Tax Assessment Values Across Branchville, South Carolina
Source: Ownwell
$22,130
$128,775
$235,420
Average Branchville Assessed Value
$31,270
Average Orangeburg County Assessed Value
$41,835
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Branchville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29432 | $4,512 | $10,255 | $31,270 | $83,720 | $145,520 |
Source: Ownwell
Property Tax Bills Across Branchville, South Carolina
In Branchville, located in Orangeburg County, SC, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The local tax rate, or millage rate, is then applied to this assessed value to calculate the annual property tax bill. For homeowners in Branchville, the median home price is $31,270, resulting in a median property tax bill of approximately $439. This is significantly lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in the 25th percentile can expect a tax bill around $193, while those in the 75th percentile might see bills as high as $939. At the 90th percentile, tax bills can reach up to $1,557. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Branchville Tax Bill
$439
Average Orangeburg County Tax Bill
$620
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Branchville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29432 | $98 | $193 | $439 | $939 | $1,557 |
Source: Ownwell