Clover, South Carolina Property Taxes
The median property tax rate in Clover, SC is 0.58%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $238,112 in Clover, the typical annual property tax bill is $1,506, which is well below the national median of $2,690. Property taxes in Clover are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Clover's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Clover or another part of York County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clover, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$1,381
Ownwell’s Clover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clover 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 Clover, South Carolina
Property taxes in Clover, 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 Clover is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Clover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clover 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 Clover's effective property tax rate to other areas in South Carolina and the national median. For comparison, the 29710 zip code has both the highest and lowest median property tax rate of 0.58%. Understanding how these areas compare with Clover 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 Clover Tax Rate
0.58%
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 Clover, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29710 | 0.36% | 0.48% | 0.58% | 1.01% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Clover, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Clover, South Carolina. The market value represents 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 Clover, 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 Clover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 29710 has the highest median tax bill at $1,506, while the lowest is also in the same zip code, highlighting the variability within the area.
Average Clover Assessed Value
$238,112
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 Clover, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29710 | $44,350 | $114,036 | $238,112 | $367,609 | $532,070 |
Source: Ownwell
Property Tax Bills Across Clover, South Carolina
In Clover, York County, SC, property tax bills are determined by the assessed value of the property and the local tax rate. The assessed value is a percentage of the market value of the home, which is then multiplied by the tax rate set by local authorities. For instance, with a median home price of $238,112, homeowners in Clover can expect a range of property tax bills. The 25th percentile tax bill is around $751, while those in the 75th percentile face bills of approximately $2,437. At the 90th percentile, tax bills can reach up to $3,879. The highest and lowest median tax bills in the area, both recorded at $1,506, reflect the uniformity in property tax assessments within the 29710 zip code. Compared to the national median property tax rate of 0.99%, Clover's tax rates can significantly impact homeowners' budgets, making it crucial for property owners to understand how their tax bills are calculated and what factors influence the final amount.
Average Clover Tax Bill
$1,506
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 Clover, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29710 | $288 | $751 | $1,506 | $2,437 | $3,879 |
Source: Ownwell