Blythewood, South Carolina Property Taxes
The median property tax rate in Blythewood, SC is 0.99%, aligning with the national median of 0.99% but significantly higher than the South Carolina state median of 0.72%. With the median home value in Blythewood being $204,500, the typical annual property tax bill reaches $1,972, which is below the national median of $2,690. Property taxes in Blythewood are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Blythewood'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 Blythewood 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
Blythewood, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$2,025
Ownwell’s Blythewood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blythewood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blythewood 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 Blythewood, South Carolina
Property taxes in Blythewood, South Carolina, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Blythewood is 0.99%, which matches both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Blythewood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blythewood 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 Blythewood's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29016 zip code has the highest median property tax rate of 0.99%, while the same zip code also has the lowest median tax rate of 0.99%. Understanding how these cities compare with Blythewood provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blythewood Tax Rate
0.99%
Average Richland County Tax Rate
1.01%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blythewood, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29016 | 0.17% | 0.81% | 0.99% | 2.26% | 4.35% |
Source: Ownwell
Property Tax Assessment Values Across Blythewood, South Carolina
In Blythewood, 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 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 Blythewood, 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 Blythewood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Blythewood is $204,500, with the highest median tax bill being $1,972 in the 29016 zip code.
Property Tax Assessment Values Across Blythewood, South Carolina
Source: Ownwell
$13,900
$136,250
$258,600
Average Blythewood Assessed Value
$204,500
Average Richland County Assessed Value
$117,300
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blythewood, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29016 | $9,600 | $62,350 | $204,500 | $285,900 | $362,500 |
Source: Ownwell
Property Tax Bills Across Blythewood, South Carolina
Property tax bills in Blythewood, located in Richland County, SC, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For example, a median home price in Blythewood is around $204,500. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Blythewood can expect a range of property tax bills. The 25th percentile tax bill is approximately $663, while the 75th percentile reaches $2,832. At the higher end, the 90th percentile tax bill can be as much as $4,092. These property taxes support local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Blythewood homeowners may find their tax bills to be relatively moderate, depending on their property's assessed value and specific circumstances.
Average Blythewood Tax Bill
$1,972
Average Richland County Tax Bill
$1,343
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Blythewood, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29016 | $368 | $663 | $1,972 | $2,832 | $4,092 |
Source: Ownwell