Rock Hill, South Carolina Property Taxes
The median property tax rate in Rock Hill, SC is 0.74%, slightly higher than the South Carolina state median of 0.72% but below the national median of 0.99%. With a median home value in Rock Hill of $171,222, the typical annual property tax bill is around $1,275, which is significantly lower than the national median of $2,690. Property taxes in Rock Hill are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Rock Hill'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 Rock Hill or another part of York County, grasping the local property tax structure will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rock Hill, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,267
$1,176
Ownwell’s Rock Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rock Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rock Hill 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 Rock Hill, South Carolina
Property taxes in Rock Hill, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rock Hill is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Rock Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rock Hill 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 Rock Hill's effective property tax rate to other areas in York County and the national median. For comparison, the 29730 zip code has the highest median property tax rate of 0.85%, while the 29732 zip code has the lowest median tax rate of 0.69%. Understanding how these areas compare with Rock Hill 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 Rock Hill Tax Rate
0.74%
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 Rock Hill, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29730 | 0.35% | 0.52% | 0.85% | 1.89% | 2.66% |
| 29732 | 0.40% | 0.52% | 0.69% | 0.88% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Rock Hill, South Carolina
In Rock Hill, 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 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 Rock Hill, 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 Rock Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Rock Hill is $1,395 in the 29732 zip code, while the lowest is $1,123 in the 29730 zip code.
Property Tax Assessment Values Across Rock Hill, South Carolina
Source: Ownwell
$27,500
$189,436
$351,372
Average Rock Hill Assessed Value
$171,222
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 Rock Hill, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29730 | $39,714 | $73,754 | $141,575 | $222,866 | $320,277 |
| 29732 | $70,944 | $132,139 | $194,011 | $270,410 | $370,792 |
Source: Ownwell
Property Tax Bills Across Rock Hill, South Carolina
In Rock Hill, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in Rock Hill, located in York County, can expect their tax bills to vary significantly. The median home price here is $171,222, and the property tax rates are applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the property's location within different zip codes. For instance, the highest median tax bill in Rock Hill is $1,395 in the 29732 zip code, while the lowest is $1,123 in the 29730 zip code. Homeowners at the 25th percentile pay around $753, whereas those at the 75th percentile might see bills as high as $2,058. At the 90th percentile, the tax bill can reach up to $3,392. These variations affect homeowners by influencing their annual budgets and potentially impacting decisions about property purchases or investments. Compared to the national median property tax rate of 0.99%, Rock Hill's property tax bills provide a diverse financial landscape for its residents.
Average Rock Hill Tax Bill
$1,275
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 Rock Hill, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29730 | $292 | $648 | $1,123 | $1,908 | $3,333 |
| 29732 | $491 | $871 | $1,395 | $2,187 | $3,456 |
Source: Ownwell