Hickory Grove, South Carolina Property Taxes
The median property tax rate in Hickory Grove, SC is 0.68%, which is lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $86,700 in Hickory Grove, the typical annual property tax bill amounts to $577, significantly below the national median of $2,690. Property taxes in Hickory Grove are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hickory Grove'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 Hickory Grove 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
Hickory Grove, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$590
Ownwell’s Hickory Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hickory Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hickory Grove 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 Hickory Grove, South Carolina
Property taxes in Hickory Grove, 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 Hickory Grove is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Hickory Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hickory Grove 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 Hickory Grove's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29717 has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Hickory Grove 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 Hickory Grove Tax Rate
0.68%
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 Hickory Grove, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29717 | 0.20% | 0.41% | 0.68% | 1.10% | 2.54% |
Source: Ownwell
Property Tax Assessment Values Across Hickory Grove, South Carolina
In Hickory Grove, 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 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 Hickory Grove, 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 Hickory Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hickory Grove is $86,700, with annual tax bills ranging significantly. The 25th percentile tax bill is $258, while the 75th percentile tax bill is $1,119, and the 90th percentile tax bill reaches $1,717. The highest and lowest median tax bills are both $577, found in the zip code 29717.
Property Tax Assessment Values Across Hickory Grove, South Carolina
Source: Ownwell
$27,500
$189,436
$351,372
Average Hickory Grove Assessed Value
$86,700
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 Hickory Grove, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29717 | $15,000 | $39,177 | $86,700 | $169,110 | $271,968 |
Source: Ownwell
Property Tax Bills Across Hickory Grove, South Carolina
In Hickory Grove, York County, SC, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in this area is $86,700. Homeowners can expect their tax bills to vary significantly, as seen in the 25th percentile tax bill of $258 and the 90th percentile tax bill of $1,717. The highest median tax bill in the area is $577, which is consistent across the zip code 29717. These tax bills are influenced by various factors, including the property's assessed value and the local tax rate. Homeowners in Hickory Grove may find their property taxes to be relatively manageable compared to the national median property tax rate of 0.99%. However, the variation in tax bills can affect budgeting and financial planning for homeowners, making it crucial to understand how these taxes are determined and to stay informed about any changes in local property assessments or tax rates.
Average Hickory Grove Tax Bill
$577
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 Hickory Grove, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29717 | $103 | $258 | $577 | $1,119 | $1,717 |
Source: Ownwell