Iva, Abbeville County, South Carolina Property Taxes

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

Median IVA, SC effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but higher than the South Carolina state median of 0.72%.
Median IVA, SC home value: $39,900
Median annual IVA, SC tax bill: $330, $2,070 lower than the national median property tax bill of $2,400.

How are property taxes in Abbeville County calculated?

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

Last Updated March 1, 2025

Iva, Abbeville County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.8%

Estimate Property Tax Bill

$319

$296

Ownwell’s IVA Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in IVA with just two data points.

By entering your property's estimated assessed value, our calculator applies IVA’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 Abbeville County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Iva, Abbeville County, South Carolina

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide essential 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. In IVA, located in Abbeville County, South Carolina, the effective property tax rate is 0.80%. This rate is notably lower than the national median property tax rate of 1.02%, highlighting a potential advantage for property owners in IVA. Comparing IVA’s property tax rate to other cities in South Carolina, it aligns with the state’s overall approach to property taxation. The median property tax bill for IVA is also expected to be lower than the national median of $2,400, offering residents a more affordable tax burden. This cost-effectiveness can be a significant consideration for property buyers and investors evaluating opportunities in the region.

Property Tax Rates Across Iva, Abbeville County, South Carolina

Source: Ownwell

0.44%

0.99%

1.54%

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 Iva Tax Rate

0.80%

Median Effective Abbeville County Tax Rate

0.76%

Median Effective South Carolina Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Iva, Abbeville County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29655	0.27%	0.45%	0.80%	1.93%	2.26%

Source: Ownwell

Property Tax Assessment Values Across Iva, Abbeville County, South Carolina

When examining property taxes in IVA, 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 Abbeville 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: Abbeville 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 IVA. For example, the median home price in IVA is $39,900, with tax bills ranging significantly across the county. 29655 has the highest median home price at $39,900.

Property Tax Assessment Values Across Iva, Abbeville County, South Carolina

Source: Ownwell

$17,850

$93,350

$168,850

Median Iva Market Value

$39,900

Median Abbeville County Market Value

$33,600

Median South Carolina Market Value

$140,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Iva, Abbeville County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29655	$10,000	$17,200	$39,900	$105,575	$230,900

Source: Ownwell

Property Tax Bills Across Iva, Abbeville County, South Carolina

In IVA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, which in IVA is significantly lower than the national median home price, making property taxes more manageable for homeowners. The tax rate is applied to the assessed value to determine the annual tax bill. Factors such as location within Abbeville County and the specific zip code can influence the final amount. For instance, the median tax bill in zip code 29655 is $330, which is considerably lower than the national median property tax bill of $2400.

Homeowners in IVA can face a wide range of property tax bills, from as low as $154 at the 25th percentile to as high as $1552 at the 90th percentile. This variability can impact household budgets significantly. Ownwell offers services to help homeowners reduce their tax burden by identifying potential savings through appeals and exemptions, ensuring they pay only their fair share. By leveraging local expertise, Ownwell can assist in navigating the complexities of property tax assessments to achieve meaningful savings.

Property Tax Bills Across Iva, Abbeville County, South Carolina

Source: Ownwell

$170

$427

$684

Median Iva Tax Bill

$330

Median Abbeville County Tax Bill

$277

Median South Carolina Tax Bill

$1,086

Median United States Tax Bill

$2,400

Property Tax Bills Across Iva, Abbeville County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29655	$108	$154	$330	$776	$1,552

Source: Ownwell