Greer, South Carolina Property Taxes
The median property tax rate in Greer, SC is 0.80%, which is lower than the national median of 0.99% but slightly higher than the South Carolina state median of 0.72%. With a median home value of $191,600 in Greer, the typical annual property tax bill amounts to $1,690, well below the national median of $2,690. Property taxes in Greer are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Greer's property tax system and exploring available exemptions can lead to significant annual savings. Whether you're in the heart of Greer or another part of Spartanburg County, being well-informed about the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Greer, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,533
Ownwell’s Greer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greer 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 Greer, South Carolina
Property taxes in Greer, 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 Greer is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Greer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greer 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 Greer's effective property tax rate to other areas in South Carolina and the national median. For comparison, the zip code 29651 has both the highest and lowest median property tax rate of 0.79%. Understanding how these areas compare with Greer provides valuable insights into the varying tax landscape across Spartanburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greer Tax Rate
0.80%
Average Spartanburg County Tax Rate
0.63%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greer, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29388 | N/A | N/A | N/A | N/A | N/A |
| 29650 | N/A | N/A | N/A | N/A | N/A |
| 29651 | 0.38% | 0.51% | 0.79% | 1.45% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across Greer, South Carolina
In Greer, 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 Spartanburg 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 Greer, 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. For instance, the median home price in Greer is $191,600, with tax bills ranging from $921 at the 25th percentile to $4,291 at the 90th percentile. Notably, the zip code 29651 has both the highest and lowest median tax bill at $1,698. 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 Greer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Greer Assessed Value
$191,600
Average Spartanburg County Assessed Value
$171,600
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greer, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29388 | N/A | N/A | N/A | N/A | N/A |
| 29650 | N/A | N/A | N/A | N/A | N/A |
| 29651 | $18,000 | $79,700 | $192,800 | $315,550 | $473,320 |
Source: Ownwell
Property Tax Bills Across Greer, South Carolina
In Greer, Spartanburg County, SC, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Greer is $191,600, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For example, homes in the 25th percentile have tax bills around $921, while those in the 75th percentile pay approximately $2,821. High-value properties in the 90th percentile can see tax bills as high as $4,291. The highest median tax bill recorded in Greer's 29651 zip code is $1,698. This variation in tax bills affects homeowners differently, with higher-valued properties shouldering a larger tax burden. Compared to the national median property tax rate of 0.99%, Greer’s property tax rates provide a relatively moderate impact on homeowners' finances.
Average Greer Tax Bill
$1,690
Average Spartanburg County Tax Bill
$1,309
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Greer, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29388 | N/A | N/A | N/A | N/A | N/A |
| 29650 | N/A | N/A | N/A | N/A | N/A |
| 29651 | $396 | $927 | $1,698 | $2,828 | $4,294 |
Source: Ownwell