Leesville, South Carolina Property Taxes
The median property tax rate in Leesville, SC is 0.75%, slightly higher than the state median of 0.72% but below the national median of 0.99%. With a median home value of $139,700 in Leesville, the typical annual property tax bill amounts to $1,308, which is lower than the national median of $2,690. Property taxes in Leesville 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 Leesville'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 Leesville or another part of Saluda County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leesville, 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 Leesville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Leesville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Leesville to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more localized trends, further details are available below. Your property’s assessed value is the value assigned by Saluda County for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Leesville, South Carolina
Property taxes in Leesville, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leesville is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Leesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leesville 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 Leesville's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29070 has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with Leesville provides valuable insights into the varying tax landscape across Saluda County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leesville Tax Rate
0.75%
Average Saluda County Tax Rate
0.88%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leesville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29070 | 0.48% | 0.68% | 0.75% | 2.16% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Leesville, South Carolina
In Leesville, 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 Saluda 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 Leesville, 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 Leesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Leesville, the median home price is $139,700, with tax bills ranging from $523 at the 25th percentile to $4,483 at the 90th percentile. The median tax bill is $1,308 in the 29070 zip code.
Property Tax Assessment Values Across Leesville, South Carolina
Source: Ownwell
$47,650
$123,125
$198,600
Average Leesville Assessed Value
$139,700
Average Saluda County Assessed Value
$64,000
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leesville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29070 | $18,500 | $52,400 | $139,700 | $238,950 | $348,360 |
Source: Ownwell
Property Tax Bills Across Leesville, South Carolina
In Leesville, SC, property tax bills are calculated based on the assessed value of the property, which is determined by the market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $139,700, homeowners in Leesville can expect varying tax bills. At the 25th percentile, the tax bill is around $523, while at the 75th percentile, it rises to about $2,680. Those in the 90th percentile may see tax bills as high as $4,483. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Leesville might find their tax bills to be relatively moderate or high, depending on their property's assessed value. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting their financial planning and long-term investment in the property.
Average Leesville Tax Bill
$1,308
Average Saluda County Tax Bill
$641
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Leesville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29070 | $216 | $523 | $1,308 | $2,680 | $4,483 |
Source: Ownwell