Neeses, South Carolina Property Taxes
The median property tax rate in Neeses, SC is 0.76%, slightly higher than the South Carolina state median of 0.72% but lower than the national median of 0.99%. With a median home value of $26,510, the typical annual property tax bill in Neeses is $349, which is significantly below the national median of $2,690. Property taxes in Neeses are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Neeses' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Neeses or another part of Orangeburg County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Neeses, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$201
Ownwell’s Neeses Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Neeses to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Neeses, South Carolina
Property taxes in Neeses, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Neeses is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Neeses set these rates annually, and they can vary significantly across different neighborhoods. Each year, Neeses 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 Neeses' effective property tax rate to other areas in South Carolina and the national median. For comparison, the zip code 29107 has both the highest and lowest median property tax rate of 0.76%. Understanding how these areas compare with Neeses 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 Neeses Tax Rate
0.76%
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 Neeses, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29107 | 0.24% | 0.56% | 0.76% | 2.43% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Neeses, South Carolina
In Neeses, 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 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 Neeses, 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 Neeses helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Neeses is $26,510, with tax bills ranging from $151 at the 25th percentile to $1,405 at the 90th percentile. The highest and lowest median tax bill is $349 in the 29107 zip code.
Average Neeses Assessed Value
$26,510
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 Neeses, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29107 | $3,300 | $7,105 | $26,510 | $74,145 | $146,713 |
Source: Ownwell
Property Tax Bills Across Neeses, South Carolina
In Neeses, located in Orangeburg County, SC, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio. For homeowners in Neeses, the assessment ratio typically used is 4% for primary residences. Once the assessed value is established, the local millage rate is applied. This rate is expressed in mills, where one mill represents one-tenth of a cent. For example, with a median home price of $26,510, the assessed value would be approximately $1,060.40. Depending on the millage rate set by various taxing authorities, the tax bill can vary significantly. Homeowners in Neeses experience tax bills ranging from the 25th percentile at $151 to the 75th percentile at $820, with some reaching up to the 90th percentile at $1,405. These figures highlight the variability in property tax bills, which can impact household budgets and influence decisions about homeownership in the area.
Average Neeses Tax Bill
$349
Average Orangeburg County Tax Bill
$620
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Neeses, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29107 | $72 | $151 | $349 | $820 | $1,405 |
Source: Ownwell