Pickens, South Carolina Property Taxes
The median property tax rate in Pickens, SC is 0.47%, 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 Pickens, the typical annual property tax bill amounts to $672, well below the national median of $2,690. Property taxes in Pickens 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 Pickens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pickens 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
Pickens, 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 Pickens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pickens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pickens 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 Pickens, South Carolina
Property taxes in Pickens, 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 Pickens is 0.47%, significantly lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Pickens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pickens 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 Pickens's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29671 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 areas compare with Pickens 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 Pickens 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 Pickens, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29671 | 0.29% | 0.40% | 0.47% | 0.73% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Pickens, South Carolina
In Pickens, 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 local 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 Pickens, 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 Pickens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code with the highest median tax bill in Pickens is 29671, with a median tax bill of $672.00. Conversely, the zip code with the lowest median tax bill is also 29671, with the same median tax bill of $672.00.
Average Pickens Assessed Value
$124,700
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 Pickens, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29671 | $40,280 | $75,000 | $124,700 | $180,000 | $256,711 |
Source: Ownwell
Property Tax Bills Across Pickens, South Carolina
In Pickens, SC, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. For homeowners in Pickens, the median home price is $124,700. Property tax rates are then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property location, improvements, and exemptions. For instance, the tax bill in Pickens can vary significantly, with the 25th percentile at $404 and the 75th percentile at $1084. The 90th percentile tax bill reaches up to $1773. The highest and lowest median tax bills both stand at $672 in the 29671 zip code. Compared to the national median property tax rate of 0.99%, Pickens offers a relatively affordable property tax environment. Understanding these factors helps homeowners anticipate their tax liabilities and manage their finances more effectively.
Average Pickens Tax Bill
$672
Average Pickens County Tax Bill
$811
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Pickens, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29671 | $223 | $404 | $672 | $1,084 | $1,773 |
Source: Ownwell