Gable, South Carolina Property Taxes
The median property tax rate in Gable, SC is 1.62%, considerably higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Gable, the typical annual property tax bill reaches $231, which is significantly lower than the national median of $2,690. Property taxes in Gable are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gable'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 Gable or another part of Sumter County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gable, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$331
$308
Ownwell’s Gable Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gable with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gable 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 Gable, South Carolina
Property taxes in Gable, 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 Gable is 0.5%, significantly lower than both the South Carolina state median of 0.5% and the U.S. national median of 0.99%. Local government entities within Gable set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gable 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 Gable's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29150 zip code has the highest median property tax rate of 0.5%, while the 29150 zip code has the lowest median tax rate of 0.5%. Understanding how these cities compare with Gable provides valuable insights into the varying tax landscape across Sumter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gable Tax Rate
1.62%
Average Sumter County Tax Rate
1.06%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gable, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29051 | 0.40% | 0.63% | 1.62% | 1.98% | 2.17% |
Source: Ownwell
Property Tax Assessment Values Across Gable, South Carolina
In Gable, 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 Sumter 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 Gable, 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 Gable helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 29051 has the highest and lowest median tax bill at $231.00, reflecting the diverse range of property values in the area.
Average Gable Assessed Value
$20,457
Average Sumter County Assessed Value
$37,792
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gable, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29051 | $3,500 | $6,750 | $20,457 | $88,102 | $176,776 |
Source: Ownwell
Property Tax Bills Across Gable, South Carolina
In Gable, located in Sumter County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate in Gable is influenced by local government budgets and the services they provide, such as schools, roads, and emergency services. Homeowners in Gable face varying tax bills, with the 25th percentile paying around $98 and the 75th percentile paying up to $771. At the higher end, the 90th percentile sees tax bills reaching $1,493. The median home price in Gable is $20,457, which significantly impacts the overall tax burden on homeowners. Compared to the national median property tax rate of 0.99%, Gable's property taxes are relatively modest. However, even within Gable, there is some variation, as evidenced by the highest and lowest median tax bills both being $231 in the zip code 29051. This variability highlights the importance of understanding local tax assessments and how they can affect individual financial obligations for property owners.
Average Gable Tax Bill
$231
Average Sumter County Tax Bill
$351
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Gable, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29051 | $50 | $98 | $231 | $771 | $1,493 |
Source: Ownwell