Central, South Carolina Property Taxes
The median property tax rate in Central, SC is 0.47%, which is significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Central at $124,100, the typical annual property tax bill is $800, well below the national median of $2,690. Property taxes in Central are determined based on the tax assessed value, often less than the market value due to exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Central's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Central 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
Central, 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 CENTRAL Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in CENTRAL with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in CENTRAL to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, scroll down for more localized information. Your property’s assessed value is determined by the county for tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Central, South Carolina
Property taxes in CENTRAL, 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 CENTRAL is 0.47%, which is lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within CENTRAL set these rates annually, and they can vary significantly across different neighborhoods. Each year, CENTRAL 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 CENTRAL's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29630 zip code has the highest median property tax rate of 0.47%, while the same zip code also has the lowest median tax rate of 0.47%. Understanding how these cities compare with CENTRAL provides valuable insights into the varying tax landscape across Pickens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Central Tax Rate
0.47%
Average Pickens County Tax Rate
0.47%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Central, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29630 | 0.29% | 0.38% | 0.47% | 1.41% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Central, South Carolina
In CENTRAL, 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 Pickens 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 CENTRAL, 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 CENTRAL 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 $800, located in zip code 29630.
Average Central Assessed Value
$124,100
Average Pickens County Assessed Value
$142,700
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Central, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29630 | $47,290 | $84,095 | $124,100 | $187,725 | $278,870 |
Source: Ownwell
Property Tax Bills Across Central, South Carolina
In Central, located in Pickens County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Central is $124,100. Local tax rates are applied to this assessed value to determine the final tax bill. The tax rate in Central is compared to the national median property tax rate of 0.99%. Various factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. For instance, the tax bill for homes in the 25th percentile is approximately $445, while those in the 75th percentile can reach up to $1,386. Homeowners in the 90th percentile may see tax bills as high as $1,998. The highest and lowest median tax bills in the area are both $800, found in the 29630 zip code. These property tax bills significantly impact homeowners by affecting their annual expenses and potentially influencing their decisions on property investments.
Average Central Tax Bill
$800
Average Pickens County Tax Bill
$811
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Central, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29630 | $236 | $445 | $800 | $1,386 | $1,998 |
Source: Ownwell