York, South Carolina Property Taxes
The median property tax rate in York, SC is 0.68%, 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 York at $162,932, the typical annual property tax bill amounts to $1,159, which is below the national median of $2,690. Property taxes in York are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding York'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 York 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
York, 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 York Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in York with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in York 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 York, South Carolina
Property taxes in York, South Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in York is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within York set these rates annually, and they can vary significantly across different neighborhoods. Each year, York 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 York's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29745 has both the highest and lowest median property tax rate of 0.68%. Understanding how these areas compare with York 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 York 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 York, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29745 | 0.36% | 0.53% | 0.68% | 1.09% | 2.54% |
Source: Ownwell
Property Tax Assessment Values Across York, South Carolina
In York, 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 York, 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. The median home price in York is $162,932, with tax bills ranging from the 25th percentile at $547 to the 90th percentile at $3,185. The zip code 29745 has the highest and lowest median tax bill of $1,159. 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 York helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average York Assessed Value
$162,932
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 York, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29745 | $25,000 | $63,400 | $162,932 | $282,944 | $411,622 |
Source: Ownwell
Property Tax Bills Across York, South Carolina
Property tax bills in York, SC, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in York is $162,932. To determine the tax bill, the assessed value is multiplied by the local tax rate. Various factors influence the final tax bill, including property location, improvements, and exemptions. For instance, homeowners in the ZIP code 29745 experience a median tax bill of $1,159, which is significantly lower than the national median property tax rate of 0.99%. Homeowners in York can expect tax bills to vary widely. The 25th percentile tax bill stands at $547, while the 75th percentile reaches $2,008, and the 90th percentile can go as high as $3,185. These variations can significantly impact homeowners' budgets, making it crucial to understand the local property tax landscape. By staying informed about how property taxes are calculated, homeowners can better anticipate their annual expenses and plan accordingly.
Average York Tax Bill
$1,159
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 York, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29745 | $208 | $547 | $1,159 | $2,008 | $3,185 |
Source: Ownwell