Great Falls, Fairfield County, South Carolina Property Taxes
Median Great Falls, SC effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, and higher than the South Carolina state median of 0.66%.
Median Great Falls, SC home value: $49,030
Median annual Great Falls, SC tax bill: $428, $1,972 lower than the national median property tax bill of $2,400.
How are property taxes in Fairfield calculated?
Property taxes in Great Falls, 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 Great Falls's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Great Falls, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Great Falls, Fairfield County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$353
$328
Property Tax Rates Across Great Falls, Fairfield County, South Carolina
Local government entities are responsible for setting tax rates, which can vary significantly even within the same state. This variation occurs because each county annually estimates the budget necessary to provide services and divides this by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is the core process followed each year.
In Great Falls, nestled in Fairfield County, the effective property tax rate stands at 0.72%. This rate is lower than the national median property tax rate of 1.02%, which translates to a lower property tax bill compared to the national median of $2400. When comparing this rate to other cities within South Carolina, it remains consistent across the state, aligning with the highest and lowest rates observed in the region. This consistency can offer a sense of predictability for homeowners in Great Falls as they navigate their property tax obligations.
Property Tax Rates Across Great Falls, Fairfield County, South Carolina
Source: Ownwell
0.61%
0.67%
0.73%
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 Great Falls Tax Rate
0.72%
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 Fairfield County Tax Rate
0.72%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Great Falls, Fairfield County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29055 | 0.25% | 0.54% | 0.72% | 2.36% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Great Falls, Fairfield County, South Carolina
When examining property taxes in Great Falls, 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 Fairfield County appraisal district 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 Fairfield 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 Great Falls. For example, the median home price in Great Falls is $49,030, with tax bills ranging significantly across the county. ZIP code 29055 has the highest median home price at $49,030.
Property Tax Assessment Values Across Great Falls, Fairfield County, South Carolina
Source: Ownwell
$35,350
$154,625
$273,900
Median Great Falls Market Value
$49,030
Median Fairfield County Market Value
$59,200
Median South Carolina Market Value
$188,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Great Falls, Fairfield County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29055 | $4,430 | $22,175 | $49,030 | $87,500 | $189,050 |
Source: Ownwell
Property Tax Bills Across Great Falls, Fairfield County, South Carolina
Property Tax Bills Across Great Falls, Fairfield County, South Carolina
Source: Ownwell
$358
$1,100
$1,842
Median Great Falls Tax Bill
$428
Median Fairfield County Tax Bill
$760
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Great Falls, Fairfield County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29055 | $56 | $153 | $428 | $1,013 | $1,588 |
Source: Ownwell