Carlisle, South Carolina Property Taxes
The median property tax rate in Carlisle, SC is 1.97%, 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 Carlisle, the typical annual property tax bill reaches $82, which is significantly lower than the national median of $2,690. Property taxes in Carlisle 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 Carlisle'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 Carlisle or another part of Union County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carlisle, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.97%
Estimate Property Tax Bill
$114
Ownwell’s Carlisle Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carlisle, Union County, SC. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Carlisle to provide an accurate estimate of your property tax bill. This valuable resource allows you to understand your potential tax liabilities with ease. For those interested in more detailed insights, you can explore trends on a neighborhood level by scrolling down. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Carlisle, South Carolina
Property taxes in Carlisle, 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 Carlisle is 1.97%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Carlisle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carlisle 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 Carlisle's effective property tax rate to other areas in South Carolina and the national median. For comparison, the zip code 29031 has the highest median property tax rate of 1.97%, while the same zip code also has the lowest median tax rate of 1.97%. Understanding how these rates compare with Carlisle provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlisle Tax Rate
1.97%
Average Union County Tax Rate
1.59%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlisle, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29031 | 0.35% | 0.73% | 1.97% | 1.98% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Carlisle, South Carolina
In Carlisle, 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 local 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 Carlisle, 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. The median home price in Carlisle is $5,800, with tax bills ranging from $69 at the 25th percentile to $232 at the 75th percentile, and up to $559 at the 90th percentile. 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 Carlisle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carlisle Assessed Value
$5,800
Average Union County Assessed Value
$24,000
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carlisle, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29031 | $3,000 | $4,000 | $5,800 | $33,550 | $66,700 |
Source: Ownwell
Property Tax Bills Across Carlisle, South Carolina
In Carlisle, Union County, SC, property tax bills are calculated based on the assessed value of the property, which is a percentage of its 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 property size, location, and any applicable exemptions or deductions. The median home price in Carlisle is $5,800, which is significantly lower than the national median. Consequently, the property tax bills in this area also tend to be lower. For instance, homeowners in the 25th percentile can expect to pay around $69 annually, while those in the 75th percentile might pay approximately $232. At the higher end, the 90th percentile tax bill reaches about $559. These tax bills can significantly impact homeowners, especially in a region with lower property values. Lower tax bills can make homeownership more affordable, but they also reflect the lower assessed values in the area. Understanding these factors helps homeowners anticipate their yearly financial obligations and plan accordingly.
Average Carlisle Tax Bill
$82
Average Union County Tax Bill
$195
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlisle, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29031 | $36 | $69 | $82 | $232 | $559 |
Source: Ownwell