Gray Court, Laurens County, South Carolina Property Taxes
Median Gray Court, SC effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, and higher than the South Carolina state median of 0.66%.
Median Gray Court, SC home value: $57,550
Median annual Gray Court, SC tax bill: $429, $1,971 lower than the national median property tax bill of $2,400.
How are property taxes in Laurens County calculated?
Property taxes in Gray Court, 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 Gray Court's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gray Court, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gray Court, Laurens County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$420
$390
Property Tax Rates Across Gray Court, Laurens County, South Carolina
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to the fact that each county annually estimates its budget requirements to provide essential services and divides this by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and legislative measures play a role in setting these rates and budgets, this is the essence of the annual process.
In Gray Court, located in Laurens County, the effective property tax rate is a reflection of this process. When comparing Gray Court’s tax rate to other cities in South Carolina, it is evident that local factors influence these rates. The median property tax rate in South Carolina is lower than the national median of 1.02%, which can be appealing to property owners in the state. Understanding these nuances can help property owners make informed decisions regarding their investments and financial planning.
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 Gray Court Tax Rate
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 Laurens County Tax Rate
0.75%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gray Court, Laurens County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29645 | 0.32% | 0.56% | 0.73% | 2.00% | 2.82% |
Source: Ownwell
Property Tax Assessment Values Across Gray Court, Laurens County, South Carolina
When examining property taxes in Gray Court, 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 Laurens 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 Laurens County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Gray Court. For example, the median home price in Gray Court is $57,550, with tax bills ranging significantly across the county. The 29645 zip code has the highest median home price at $57,550.
Property Tax Assessment Values Across Gray Court, Laurens County, South Carolina
Source: Ownwell
$37,700
$129,850
$222,000
Median Gray Court Market Value
$57,550
Median Laurens County Market Value
$68,500
Median South Carolina Market Value
$188,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gray Court, Laurens County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29645 | $5,500 | $16,500 | $57,550 | $137,025 | $236,860 |
Source: Ownwell
Property Tax Bills Across Gray Court, Laurens County, South Carolina
Median Gray Court Tax Bill
$429
Median Laurens County Tax Bill
$513
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Gray Court, Laurens County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29645 | $115 | $188 | $429 | $959 | $1,550 |
Source: Ownwell