Little Mountain, South Carolina Property Taxes
The median property tax rate in Little Mountain, SC is 0.72%, which aligns with the state median but is lower than the national median of 0.99%. With the median home value in Little Mountain at $245,000, the typical annual property tax bill amounts to $1,676, significantly below the national median of $2,690. Property taxes in Little Mountain are calculated based on the tax assessed value, typically lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Little Mountain'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 Little Mountain or another part of Richland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Little Mountain, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,764
Ownwell’s Little Mountain Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Little Mountain with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Little Mountain to estimate your property tax bill. This valuable tool provides clarity on potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Little Mountain, South Carolina
Property taxes in Little Mountain, 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 Little Mountain is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Little Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Little Mountain 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 Little Mountain's effective property tax rate to other areas in South Carolina and the national median. For comparison, the zip code 29075 has both the highest and lowest median property tax rate of 0.72%. Understanding how these areas compare with Little Mountain 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 Little Mountain Tax Rate
0.72%
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 Little Mountain, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29075 | 0.26% | 0.56% | 0.72% | 0.91% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Little Mountain, South Carolina
In LITTLE MOUNTAIN, 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 Richland 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 LITTLE MOUNTAIN, 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 LITTLE MOUNTAIN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $245,000, with the highest median tax bill of $1,676 found in zip code 29075.
Property Tax Assessment Values Across Little Mountain, South Carolina
Source: Ownwell
$13,900
$136,250
$258,600
Average Little Mountain Assessed Value
$245,000
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 Little Mountain, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29075 | $37,500 | $153,300 | $245,000 | $323,500 | $427,560 |
Source: Ownwell
Property Tax Bills Across Little Mountain, South Carolina
In Little Mountain, property tax bills are calculated based on the assessed value of the property, which is determined by the Richland County Assessor's Office. This assessed value is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including the property's location, size, and any applicable exemptions or deductions. For instance, homeowners in Little Mountain may qualify for homestead exemptions, which can reduce the taxable value of their property. The median home price in Little Mountain is $245,000, with property tax bills ranging significantly. At the 25th percentile, homeowners can expect to pay around $1,073, while those at the 75th percentile may see bills as high as $2,327. The highest median tax bill in the area is $1,676. These taxes play a crucial role in funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Little Mountain Tax Bill
$1,676
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 Little Mountain, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29075 | $368 | $1,073 | $1,676 | $2,327 | $3,265 |
Source: Ownwell