Blacksburg, South Carolina Property Taxes
The median property tax rate in Blacksburg, SC is 0.53%, considerably lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Blacksburg, the typical annual property tax bill reaches $488, significantly below the national median of $2,690. Property taxes in Blacksburg 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 Blacksburg'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 Blacksburg 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
Blacksburg, 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 Blacksburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Blacksburg effortlessly. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Blacksburg to provide an accurate property tax bill estimate. This valuable tool helps you gauge potential tax liabilities, making it easier to plan and budget. For those interested in more detailed insights at a neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Blacksburg, South Carolina
Property taxes in Blacksburg, 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 Blacksburg is 0.53%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Blacksburg set these rates annually, and they can vary across different neighborhoods. Each year, Blacksburg 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 Blacksburg's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29702 zip code has a median property tax rate of 0.53%, matching Blacksburg's rate. Understanding how these cities compare with Blacksburg provides valuable insights into the varying tax landscape across York County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blacksburg Tax Rate
0.53%
Average York County Tax Rate
0.68%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blacksburg, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29702 | 0.19% | 0.35% | 0.53% | 0.88% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Blacksburg, South Carolina
In Blacksburg, South Carolina, understanding the difference between "market value" and "assessed value" is essential 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 York County Assessor's Office 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 Blacksburg, 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 Blacksburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 29702 has the highest median tax bill at $488, while the lowest is also $488, reflecting consistent tax values within the area.
Property Tax Assessment Values Across Blacksburg, South Carolina
Source: Ownwell
$27,500
$189,436
$351,372
Average Blacksburg Assessed Value
$99,286
Average York County Assessed Value
$210,005
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blacksburg, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29702 | $25,008 | $41,775 | $99,286 | $196,157 | $355,451 |
Source: Ownwell
Property Tax Bills Across Blacksburg, South Carolina
Property tax bills in Blacksburg, located in York County, SC, are calculated based on the assessed value of a property, which is determined by the local tax assessor's office. The assessed value is a percentage of the market value of the home. For instance, if the median home price in Blacksburg is $99,286, the assessed value would be a fraction of this amount. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. In Blacksburg, the tax bills vary significantly, with the 25th percentile at $277 and the 75th percentile at $889. Homeowners in the 90th percentile see tax bills as high as $1,988. These figures indicate that while some homeowners pay relatively low property taxes, others could face much higher bills depending on their property's assessed value and the applicable tax rate. This variability can significantly impact homeowners' financial planning and budgeting.
Average Blacksburg Tax Bill
$488
Average York County Tax Bill
$1,529
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Blacksburg, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29702 | $156 | $277 | $488 | $889 | $1,988 |
Source: Ownwell