Salley, South Carolina Property Taxes
The median property tax rate in Salley, SC is 0.78%, slightly below the national median of 0.99% but higher than the South Carolina state median of 0.72%. With the median home value in Salley at $22,130, the typical annual property tax bill is $458, significantly lower than the national median of $2,690. Property taxes in Salley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Salley'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 Salley 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
Salley, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$173
$160
Ownwell’s Salley Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Salley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Salley 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 Salley, South Carolina
Property taxes in Salley, South Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Salley is 0.78%, which is lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Salley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Salley 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 Salley's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29137 zip code has the highest median property tax rate of 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these areas compare with Salley 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 Salley Tax Rate
0.78%
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 Salley, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29137 | 0.25% | 0.49% | 0.78% | 2.43% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Salley, South Carolina
In Salley, 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 Salley, 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 Salley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in Salley is $458, with zip code 29137 reflecting this value.
Average Salley Assessed Value
$22,130
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 Salley, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29137 | $2,000 | $7,055 | $22,130 | $55,465 | $138,480 |
Source: Ownwell
Property Tax Bills Across Salley, South Carolina
In Salley, Orangeburg County, SC, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. Homeowners in Salley can expect their property tax bills to be influenced by several factors, including the assessed value of their home, the local tax rate, and any applicable exemptions. The median home price in Salley is $22,130, and the property tax rate in the area is reflective of the state's overall approach to property taxation. For instance, the tax bill at the 25th percentile is $165, while at the 75th percentile, it is $782, and at the 90th percentile, it reaches $1,357. These figures illustrate the range of property tax obligations homeowners might face. The highest median tax bill in Salley stands at $458, which is relatively modest compared to the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable, but it also means that local services funded by property taxes may operate with less revenue.
Average Salley Tax Bill
$458
Average Orangeburg County Tax Bill
$620
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Salley, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29137 | $89 | $165 | $458 | $782 | $1,357 |
Source: Ownwell