Moore, South Carolina Property Taxes
The median property tax rate in Moore, SC is 0.55%, 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 Moore, the typical annual property tax bill reaches $1,374, which is well below the national median of $2,690. Property taxes in Moore 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 Moore'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 Moore or another part of Spartanburg County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moore, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,304
Ownwell’s Moore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moore 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 Spartanburg County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Moore, South Carolina
Property taxes in Moore, 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 Moore is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Moore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moore 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 Moore's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29369 zip code has both the highest and lowest median property tax rate of 0.55%. Understanding how these areas compare with Moore 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 Moore Tax Rate
0.55%
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 Moore, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29369 | 0.37% | 0.46% | 0.55% | 0.65% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Moore, South Carolina
In Moore, 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 Moore, 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. The zip code with the highest median tax bill is 29369, with a value of $1,374. By being aware of these valuation processes, property owners in Moore can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moore Assessed Value
$237,000
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 Moore, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29369 | $70,760 | $170,700 | $237,000 | $310,100 | $413,700 |
Source: Ownwell
Property Tax Bills Across Moore, South Carolina
In Moore, Spartanburg County, SC, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, determined by the county assessor. For instance, with a median home price of $237,000, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $977, while those in the 75th percentile face bills of approximately $1,999. The 90th percentile sees tax bills as high as $3,249. Factors influencing the tax bill include the property's location, size, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Moore's tax rates can be seen as relatively moderate, offering some relief to homeowners. Understanding these elements helps homeowners anticipate their tax obligations and plan their finances accordingly. The highest and lowest median tax bills in Moore both stand at $1,374, indicating a level of uniformity within the area.
Average Moore Tax Bill
$1,374
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 Moore, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29369 | $571 | $977 | $1,374 | $1,999 | $3,249 |
Source: Ownwell