Salters, South Carolina Property Taxes
The median property tax rate in Salters, SC is 1.18%, notably higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Salters at $21,284, the typical annual property tax bill reaches $202, which is significantly lower than the national median of $2,690. Property taxes in Salters are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Salters' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Salters or another part of Williamsburg County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Salters, South Carolina Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Salters Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Salters with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Salters to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in exploring trends at a neighborhood level, more localized information is available below. Your property’s assessed value is the value assigned by Williamsburg County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Salters, South Carolina
Property taxes in Salters, South Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Salters is 1.18%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Salters set these rates annually, and they can vary significantly across different neighborhoods. Each year, Salters 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 Salters' effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29590 zip code has the highest median property tax rate of 1.18%, while the same 29590 zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Salters provides valuable insights into the varying tax landscape across Williamsburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Salters Tax Rate
1.18%
Average Williamsburg County Tax Rate
1.16%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Salters, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29590 | 0.12% | 0.17% | 1.18% | 2.33% | 4.53% |
Source: Ownwell
Property Tax Assessment Values Across Salters, South Carolina
In Salters, 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 Williamsburg 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 Salters, 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 Salters helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Salters are both $202.00, found in the 29590 zip code.
Average Salters Assessed Value
$21,284
Average Williamsburg County Assessed Value
$21,858
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Salters, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29590 | $4,777 | $8,500 | $21,284 | $57,000 | $149,126 |
Source: Ownwell
Property Tax Bills Across Salters, South Carolina
In Salters, located in Williamsburg County, SC, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate to determine the tax bill. For homeowners in Salters, the median home price is $21,284. Factors such as property location, home size, and improvements can influence the assessed value. The tax bill can vary significantly, with the 25th percentile at $112 and the 75th percentile at $437, indicating a broad range of property values and corresponding tax obligations. At the 90th percentile, tax bills can reach up to $1,124. Compared to the national median property tax rate of 0.99%, residents in Salters experience a relatively low tax burden. Understanding these factors is crucial for homeowners as property taxes can impact monthly budgets and long-term financial planning.
Average Salters Tax Bill
$202
Average Williamsburg County Tax Bill
$188
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Salters, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29590 | $27 | $112 | $202 | $437 | $1,124 |
Source: Ownwell