Iva, Anderson County, South Carolina Property Taxes
Median IVA, SC effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median IVA, SC home value: $64,565
Median annual IVA, SC tax bill: $536, $1,864 lower than the national median property tax bill of $2,400.
How are property taxes in Anderson 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, Anderson County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$413
$383
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 Anderson County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Iva, Anderson County, South Carolina
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget for 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 Anderson County, the effective property tax rate is notably lower than the national median. With a median property tax rate of 0.64%, IVA stands out as an area with a relatively affordable property tax burden compared to the national median rate of 1.02%. This can be particularly appealing for homeowners looking to minimize their annual property tax expenses. While some regions in the U.S. face higher tax rates, IVA offers a more budget-friendly option for residents. This favorable tax environment can be an attractive feature for those considering purchasing property in the area, offering potential savings and financial relief.
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
0.64%
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 Anderson County Tax Rate
0.55%
Median Effective South Carolina Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Iva, Anderson County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29655 | 0.17% | 0.35% | 0.64% | 1.84% | 2.81% |
Source: Ownwell
Property Tax Assessment Values Across Iva, Anderson 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 Anderson 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.
Assessment notices: In Anderson 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 $64,565, with tax bills ranging significantly across the county. 29655 has the highest median home price at $64,565.
Property Tax Assessment Values Across Iva, Anderson County, South Carolina
Source: Ownwell
$39,580
$147,245
$254,910
Median Iva Market Value
$64,565
Median Anderson County Market Value
$138,430
Median South Carolina Market Value
$140,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Iva, Anderson County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29655 | $11,044 | $25,818 | $64,565 | $130,960 | $234,932 |
Source: Ownwell
Property Tax Bills Across Iva, Anderson County, South Carolina
Median Iva Tax Bill
$536
Median Anderson County Tax Bill
$929
Median South Carolina Tax Bill
$1,086
Median United States Tax Bill
$2,400
Property Tax Bills Across Iva, Anderson County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29655 | $78 | $219 | $536 | $1,051 | $1,784 |
Source: Ownwell