Mc Connells, South Carolina Property Taxes
The median property tax rate in MC CONNELLS, SC is 0.63%, which is notably lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in MC CONNELLS at $128,610, the typical annual property tax bill amounts to $728, significantly below the national median of $2,690. Property taxes in MC CONNELLS are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding MC CONNELLS'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 MC CONNELLS 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
Mc Connells, 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 MC CONNELLS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC CONNELLS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC CONNELLS 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 Mc Connells, South Carolina
Property taxes in MC CONNELLS, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MC CONNELLS is 0.63%, lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within MC CONNELLS set these rates annually, and they can vary significantly across different neighborhoods. Each year, MC CONNELLS 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 MC CONNELLS's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29726 zip code has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with MC CONNELLS 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 Mc Connells Tax Rate
0.63%
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 Mc Connells, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29726 | 0.24% | 0.43% | 0.63% | 0.70% | 2.47% |
Source: Ownwell
Property Tax Assessment Values Across Mc Connells, South Carolina
In MC CONNELLS, 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 MC CONNELLS, 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. For instance, the median home price is $128,610, with tax bills ranging from $352 at the 25th percentile to $2,161 at the 90th percentile. Notably, the highest and lowest median tax bills are both $728, found in the 29726 zip code. 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 MC CONNELLS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mc Connells, South Carolina
Source: Ownwell
$27,500
$189,436
$351,372
Average Mc Connells Assessed Value
$128,610
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 Mc Connells, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29726 | $20,000 | $54,070 | $128,610 | $225,652 | $349,943 |
Source: Ownwell
Property Tax Bills Across Mc Connells, South Carolina
In MC CONNELLS, located in York County, SC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the home's market value, which in this region is $128,610. Homeowners in MC CONNELLS can expect varying tax bills depending on the value of their property and the specific tax rates applied. For instance, the 25th percentile tax bill is $352, while the 75th percentile tax bill reaches $1,312, and the 90th percentile tax bill can go up to $2,161. These tax bills are influenced by several factors, including property improvements, neighborhood developments, and changes in market conditions. For homeowners, understanding these factors is crucial as they directly impact annual expenses. Compared to the national median property tax rate of 0.99%, the property tax landscape in MC CONNELLS offers a range of financial implications, making it essential for homeowners to stay informed and proactive about their property assessments and tax obligations.
Average Mc Connells Tax Bill
$728
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 Mc Connells, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29726 | $143 | $352 | $728 | $1,312 | $2,161 |
Source: Ownwell