Enoree, South Carolina Property Taxes
The median property tax rate in Enoree, SC is 1.14%, 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 Enoree, the typical annual property tax bill reaches $116, significantly lower than the national median of $2,690. Property taxes in Enoree 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 Enoree'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 Enoree or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Enoree, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$177
$165
Ownwell’s Enoree Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Enoree with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enoree 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 Enoree, South Carolina
Property taxes in Enoree, 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 Enoree is 1.14%, higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Enoree set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enoree 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 Enoree's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29335 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these areas compare with Enoree 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 Enoree Tax Rate
1.14%
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 Enoree, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29335 | 0.17% | 0.67% | 1.14% | 1.91% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Enoree, South Carolina
In Enoree, 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 Union 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 Enoree, 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 Enoree helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $116, found in the 29335 zip code.
Average Enoree Assessed Value
$15,550
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 Enoree, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29335 | $4,000 | $4,875 | $15,550 | $53,500 | $77,150 |
Source: Ownwell
Property Tax Bills Across Enoree, South Carolina
In Enoree, Union 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, which is determined by the county assessor. For example, with a median home price of $15,550, the assessed value is used as the basis for calculating the tax bill. Local tax rates are then applied to this assessed value to determine the final tax bill. Factors such as property location, market trends, and any applicable exemptions or abatements can influence the assessed value and, subsequently, the tax bill. In Enoree, the 25th percentile tax bill is $76, while the 75th percentile tax bill is $326, and the 90th percentile tax bill is $496. These property taxes are essential for funding local services, such as schools, public safety, and infrastructure, directly impacting homeowners by contributing to the community's overall quality of life. Compared to the national median property tax rate of 0.99%, Enoree's property taxes are relatively low, providing some financial relief to its residents.
Average Enoree Tax Bill
$116
Average Union County Tax Bill
$195
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Enoree, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29335 | $27 | $76 | $116 | $326 | $496 |
Source: Ownwell