Greenville, South Carolina Property Taxes
The median property tax rate in Greenville, SC is 0.48%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $72,150 in Greenville, the typical annual property tax bill is $468, which is well below the national median of $2,690. Property taxes in Greenville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Greenville'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 Greenville 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
Greenville, 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 Greenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenville 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 Greenville, South Carolina
Property taxes in Greenville, South Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenville is 0.48%, which is lower than the U.S. national median of 0.99%. Local government entities within Greenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenville 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 Greenville's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29611 zip code has the highest median property tax rate of 0.48%, while the same zip code also has the lowest median tax rate of 0.48%. Understanding how these cities compare with Greenville 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 Greenville Tax Rate
0.48%
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 Greenville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29611 | 0.21% | 0.34% | 0.48% | 1.08% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Greenville, South Carolina
In Greenville, 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 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 Greenville, 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 Greenville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Greenville is $468.00 in the 29611 zip code, while the lowest median tax bill is also $468.00 in the same zip code.
Property Tax Assessment Values Across Greenville, South Carolina
Source: Ownwell
$50,100
$350,050
$650,000
Average Greenville Assessed Value
$72,150
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 Greenville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29611 | $25,000 | $39,000 | $72,150 | $128,800 | $180,400 |
Source: Ownwell
Property Tax Bills Across Greenville, South Carolina
In Greenville, located in Pickens County, SC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor's office. Factors like property size, location, and improvements can influence this assessed value. Greenville's property tax rate is compared against the national median property tax rate of 0.99%. Homeowners in Greenville experience a range of tax bills. For instance, the 25th percentile tax bill is $223, while the 75th percentile tax bill reaches $761. At the 90th percentile, homeowners might pay up to $983. This variation highlights how different property values and assessments can lead to significantly different tax obligations. The highest median tax bill in the area is $468, found in the 29611 zip code, which also has the lowest median tax bill of $468. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Greenville Tax Bill
$468
Average Pickens County Tax Bill
$811
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29611 | $110 | $223 | $468 | $761 | $983 |
Source: Ownwell