Union, South Carolina Property Taxes
The median property tax rate in Union, SC, is 1.49%, 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 Union at $30,300, the typical annual property tax bill reaches $226, which is significantly below the national median of $2,690. Property taxes in Union 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 Union'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 Union 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
Union, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$451
$419
Ownwell’s Union Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Union with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Union 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 Union, South Carolina
Property taxes in Union, South Carolina, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Union is 1.49%, significantly higher than the U.S. national median of 0.99%. Local government entities within Union set these rates annually, and they can vary across different neighborhoods. Each year, Union 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 Union's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29379 has the highest median property tax rate of 1.49%, while the same zip code also records the lowest median tax rate of 1.49%. Understanding how these figures compare with Union 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 Union Tax Rate
1.49%
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 Union, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29379 | 0.25% | 0.63% | 1.49% | 1.91% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Union, South Carolina
In Union, 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 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 Union, 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 Union helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Union is in zip code 29379 at $226, while the lowest is also in zip code 29379 at $226.
Average Union Assessed Value
$30,300
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 Union, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29379 | $3,500 | $5,900 | $30,300 | $69,400 | $114,740 |
Source: Ownwell
Property Tax Bills Across Union, South Carolina
In Union, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Union is $30,300. Local tax assessors determine the assessed value, and then local tax rates are applied to calculate the tax bill. Several factors influence the final bill, including property location, home improvements, and exemptions for which the homeowner may qualify. Homeowners in Union can expect a wide range of property tax bills. At the 25th percentile, the tax bill is around $82, while at the 75th percentile, it rises to $551. For those in the 90th percentile, the tax bill can reach up to $998. The highest median tax bill recorded is $226 in zip code 29379, which also represents the lowest median tax bill in the area. Compared to the national median property tax rate of 0.99%, Union offers a relatively low property tax burden, making it an attractive option for homeowners seeking affordability.
Average Union Tax Bill
$226
Average Union County Tax Bill
$195
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Union, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29379 | $47 | $82 | $226 | $551 | $998 |
Source: Ownwell