Pacolet, Cherokee County, South Carolina Property Taxes
Median Pacolet, SC effective property tax rate: 0.37%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%. Median Pacolet, SC home value: $71,650. Median annual Pacolet, SC tax bill: $251, $2,149 lower than the national median property tax bill of $2,400.
How are property taxes in Cherokee County calculated?
Property taxes in Pacolet, SC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Pacolet’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pacolet, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pacolet, Cherokee County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.45%
Estimate Property Tax Bill
$320
$296
Property Tax Rates Across Pacolet, Cherokee County, South Carolina
Local government entities determine property tax rates, which can differ significantly within a state. This variation occurs because each county annually calculates its necessary budget for providing services and divides it by the total value of all taxable property in its area, resulting in the property tax rate.
While setting tax rates and budgets involves votes and laws, this is essentially the annual process. In Pacolet, located in Cherokee County, South Carolina, the effective property tax rate is notably lower than the national median of 1.02%. South Carolina's median property tax rate is also significantly below the national average, making it an attractive state for property owners seeking lower tax burdens.
Comparing Pacolet’s effective property tax rate to other cities within South Carolina reveals the state's overall favorable tax climate. This lower rate can lead to substantial savings for property owners, enhancing the appeal of living or investing in Pacolet. For those considering property ownership, understanding these differences in tax rates is crucial for financial planning and maximizing investment returns.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Pacolet Tax Rate
0.45%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cherokee County Tax Rate
0.46%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Pacolet, Cherokee County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29372 | 0.17% | 0.30% | 0.45% | 1.70% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Pacolet, Cherokee County, South Carolina
When examining property taxes in Pacolet, SC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cherokee County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Cherokee County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Pacolet.
For example, the median home price in Pacolet is $71,650, with tax bills ranging significantly across the county. Zip code 29372 has the highest median home price at $71,650.
Property Tax Assessment Values Across Pacolet, Cherokee County, South Carolina
Source: Ownwell
$57,900
$86,675
$115,450
Median Pacolet Market Value
$71,000
Median Cherokee County Market Value
$84,100
Median South Carolina Market Value
$188,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Pacolet, Cherokee County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29372 | $13,190 | $30,050 | $71,000 | $145,300 | $240,220 |
Source: Ownwell
Property Tax Bills Across Pacolet, Cherokee County, South Carolina
Median Pacolet Tax Bill
$439
Median Cherokee County Tax Bill
$601
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Pacolet, Cherokee County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29372 | $110 | $227 | $439 | $753 | $1,227 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Cherokee Tax Assessor | |
| Website | qpublic.schneidercorp.com |