Ridgeway, Fairfield County, South Carolina Property Taxes
Median Ridgeway, 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 Ridgeway, SC home value: $88,050
Median annual Ridgeway, SC tax bill: $1,054, $1,346 lower than the national median property tax bill of $2,400.
How are property taxes in Fairfield County calculated?
Property taxes in Ridgeway, 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 Ridgeway's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ridgeway, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ridgeway, 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
$634
$588
Ownwell’s Ridgeway Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ridgeway with just two data points. By entering your property's estimated assessed value, our calculator applies Ridgeway’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Fairfield County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Fairfield County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Ridgeway, Fairfield County, South Carolina
Local government entities set tax rates, which can vary widely within a state. Each county, such as Fairfield, estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is essentially the annual process.
Ridgeway in Fairfield County, South Carolina, has an effective property tax rate of 0.72%. This rate is lower than the national median property tax rate of 1.02%. When comparing Ridgeway's rate to other cities in South Carolina, it aligns with the state's median, offering a competitive advantage for property owners. The lower rate in Fairfield County can be particularly appealing to homeowners looking for tax savings.
Understanding these rates is crucial for homeowners when considering the financial implications of property ownership. By comparing Ridgeway’s effective property tax rate to other cities in South Carolina and the national median, property owners can make informed decisions about their investments.
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 Ridgeway 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 Ridgeway, Fairfield County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29130 | 0.30% | 0.53% | 0.72% | 2.36% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Ridgeway, Fairfield County, South Carolina
When examining property taxes in Ridgeway, 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 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.
Assessment notices: In Fairfield County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Ridgeway. For example, the median home price in Ridgeway is $88,050, with tax bills ranging significantly across the county. Zip code 29130 has the highest median home price at $88,050.
Property Tax Assessment Values Across Ridgeway, Fairfield County, South Carolina
Source: Ownwell
$35,350
$154,625
$273,900
Median Ridgeway Market Value
$88,050
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 Ridgeway, Fairfield County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29130 | $11,500 | $36,700 | $88,050 | $230,675 | $394,870 |
Source: Ownwell
Property Tax Bills Across Ridgeway, Fairfield County, South Carolina
In Ridgeway, located in Fairfield County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. With a median home price of $88,050, homeowners in Ridgeway face a median property tax bill of $1,054, which is below the national median of $2,400. This relatively low tax bill can still be a burden for some homeowners, especially when compared to the national median property tax rate of 1.02%.
Factors that influence the tax bill include changes in property value and local tax rates. Homeowners in Ridgeway can benefit from appealing their property tax assessments if they believe their property has been overvalued. This is where Ownwell comes in, offering expert property tax appeal and exemption services. By leveraging local market knowledge and tax expertise, Ownwell can help homeowners potentially lower their tax bills, ensuring they only pay their fair share.
Median Ridgeway Tax Bill
$1,054
Median Fairfield County Tax Bill
$760
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Ridgeway, Fairfield County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29130 | $204 | $460 | $1,054 | $2,259 | $4,575 |
Source: Ownwell