Edgemoor, South Carolina Property Taxes
The median property tax rate in Edgemoor, SC is 0.50%, 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 Edgemoor at $161,055, the typical annual property tax bill reaches $719, significantly below the national median of $2,690. Property taxes in Edgemoor 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 Edgemoor'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 Edgemoor 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
Edgemoor, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$805
$747
Ownwell’s Edgemoor Property Tax Bill Calculator simplifies estimating your annual property taxes in Edgemoor, SC, using just two key data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Edgemoor to provide an accurate estimate of your property tax bill. This valuable tool helps homeowners, real estate investors, and potential buyers understand their potential tax liabilities. For those interested in more granular insights, you can scroll down to discover neighborhood-level trends. Your property’s assessed value, determined by York County, plays a crucial role in these calculations, factoring in any applicable exemptions.
Property Tax Rates Across Edgemoor, South Carolina
Property taxes in Edgemoor, 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 Edgemoor is 0.50%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Edgemoor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edgemoor 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 Edgemoor's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29712 has both the highest and lowest median property tax rate of 0.50%. Understanding how these cities compare with Edgemoor 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 Edgemoor Tax Rate
0.50%
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 Edgemoor, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29712 | 0.21% | 0.33% | 0.50% | 1.08% | 2.20% |
Source: Ownwell
Property Tax Assessment Values Across Edgemoor, South Carolina
In Edgemoor, 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 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 Edgemoor, 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. For instance, in Edgemoor, the median home price is $161,055, with tax bills ranging from $434 at the 25th percentile to $3,516 at the 90th percentile. The zip code 29712 has the highest and lowest median tax bill at $719. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Edgemoor, South Carolina
Source: Ownwell
$27,500
$189,436
$351,372
Average Edgemoor Assessed Value
$161,055
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 Edgemoor, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29712 | $52,740 | $87,475 | $161,055 | $237,534 | $326,072 |
Source: Ownwell
Property Tax Bills Across Edgemoor, South Carolina
In Edgemoor, property tax bills are calculated based on the assessed value of a home, which is determined by the York County Assessor’s Office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $161,055, homeowners can expect varying tax bills depending on their property’s assessed value and any applicable exemptions. Several factors influence the tax bill, including property size, location, and any improvements made to the home. Homeowners in the 25th percentile can expect a tax bill of around $434, while those in the 75th percentile might see bills as high as $1,424. For properties in the 90th percentile, tax bills can reach up to $3,516. The highest and lowest median tax bills in the area both stand at $719, reflecting a consistent rate across different zip codes. Compared to the national median property tax rate of 0.99%, Edgemoor’s rates can significantly affect homeowners, making it crucial to understand how these taxes are calculated and managed.
Average Edgemoor Tax Bill
$719
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 Edgemoor, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29712 | $256 | $434 | $719 | $1,424 | $3,516 |
Source: Ownwell