Norris, South Carolina Property Taxes
The median property tax rate in Norris, SC is 0.38%, 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 Norris at $93,200, the typical annual property tax bill is $394, well below the national median of $2,690. Property taxes in Norris are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Norris'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 Norris 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
Norris, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$354
Ownwell’s Norris Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Norris with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Norris 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 Norris, South Carolina
Property taxes in Norris, 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 Norris is 0.38%, significantly lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Norris set these rates annually, and they can vary across different neighborhoods. Each year, Norris 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 Norris's effective property tax rate to other counties in South Carolina and the national median. For comparison, the highest median property tax rate in the region is found in ZIP code 29640 at 0.57%, while the lowest median tax rate is in ZIP code 29630 at 0.32%. Understanding how these cities compare with Norris 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 Norris Tax Rate
0.38%
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 Norris, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29667 | 0.18% | 0.36% | 0.38% | 0.58% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Norris, South Carolina
In Norris, 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 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 Norris, 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 Norris helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 29667, with a median tax bill of $394.00.
Average Norris Assessed Value
$93,200
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 Norris, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29667 | $39,600 | $74,350 | $93,200 | $121,750 | $160,560 |
Source: Ownwell
Property Tax Bills Across Norris, South Carolina
In Norris, 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. Homeowners in Norris typically see property tax bills influenced by the median home price of $93,200. The tax rate in Norris is determined by local government authorities and applied to the assessed value of the property to calculate the annual tax bill. Factors such as property location, improvements, and exemptions can affect the final tax bill. For instance, the tax bill for the 25th percentile is $282, while it rises to $603 at the 75th percentile. At the 90th percentile, homeowners might pay as much as $1,065. Comparatively, Norris's highest and lowest median tax bills are both recorded at $394, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable for residents, but it also means that local services funded by property taxes may have more limited resources.
Average Norris Tax Bill
$394
Average Pickens County Tax Bill
$811
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Norris, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29667 | $155 | $282 | $394 | $603 | $1,065 |
Source: Ownwell