Salem, Oconee County, South Carolina Property Taxes

Name: Property Tax Bills Across Salem, Oconee County, South Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Salem, SC effective property tax rate: 0.44%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Salem, SC home value: $232,501
Median annual Salem, SC tax bill: $1,130, $1,270 lower than the national median property tax bill of $2,400.

How are property taxes in Oconee County calculated?

Property taxes in Salem, 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 Salem’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Salem, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Salem, Oconee County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.45%

Estimate Property Tax Bill

$1,234

$1,145

Ownwell’s Salem Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Salem with just two data points. By entering your property's estimated assessed value, our calculator applies Salem’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 Oconee County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Salem, Oconee County, South Carolina

Local government entities in South Carolina set tax rates, which can vary widely within the state. Annually, each county 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, in a nutshell, this is the annual process. Below, you can compare Salem’s effective property tax rate to other cities in South Carolina and the median property tax rates in South Carolina and the U.S. Salem, located in Oconee County, has a property tax rate that aligns with the county's median of 0.44%, which is significantly lower than the national median of 1.02%. This lower rate can result in substantial savings for property owners in the area, making it an attractive option for those looking to minimize property tax expenses. While Salem's tax rate is consistent within its zip code, it stands out when compared to other regions, offering a competitive advantage for property investment.

Property Tax Rates Across Salem, Oconee County, South Carolina

Source: Ownwell

0.42%

0.46%

0.49%

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 Salem Tax Rate

0.45%

Median Effective Oconee County Tax Rate

0.42%

Median Effective South Carolina Tax Rate

0.66%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Salem, Oconee County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29676	0.20%	0.40%	0.45%	1.29%	1.39%

Source: Ownwell

Property Tax Assessment Values Across Salem, Oconee County, South Carolina

When examining property taxes in Salem, South Carolina, 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 Oconee 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 Oconee 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 Salem. For example, the median home price in Salem is $232,501, with tax bills ranging significantly across the county. 29676 has the highest median home price at $232,501.

Property Tax Assessment Values Across Salem, Oconee County, South Carolina

Source: Ownwell

$62,046

$168,119

$274,192

Median Salem Market Value

$274,192

Median Oconee County Market Value

$124,120

Median South Carolina Market Value

$188,850

Median United States Market Value

$235,294

Property Tax Assessment Values Across Salem, Oconee County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29676	$26,310	$93,796	$274,192	$556,170	$954,490

Source: Ownwell

Property Tax Bills Across Salem, Oconee County, South Carolina

In Salem, located in Oconee County, South Carolina, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is influenced by factors such as location, size, and condition of the property. With a median home price of $232,501, Salem's property tax bills can vary significantly. The 25th percentile tax bill is around $320, while the 75th percentile reaches $2,545, and the 90th percentile can soar up to $5,876. Compared to the national median property tax rate of 1.02%, Salem homeowners may find their tax bills to be relatively more manageable, though individual circumstances can vary widely.

Ownwell offers a valuable service to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and local tax rates, Ownwell helps homeowners identify potential savings. This can lead to significant reductions in tax bills, providing peace of mind and financial relief for property owners in Salem.

Property Tax Bills Across Salem, Oconee County, South Carolina

Source: Ownwell

$281

$886

$1,490

Median Salem Tax Bill

$1,490

Median Oconee County Tax Bill

$638

Median South Carolina Tax Bill

$1,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Salem, Oconee County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29676	$68	$447	$1,490	$3,522	$7,514

Source: Ownwell