Ravenel, Charleston County, South Carolina Property Taxes
Median Ravenel, SC effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Ravenel, SC home value: $126,100
Median annual Ravenel, SC tax bill: $916, $1,484 lower than the national median property tax bill of $2,400.
How are property taxes in Charleston calculated?
Property taxes in Ravenel, 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 Ravenel’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ravenel, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ravenel, Charleston County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.68%
Estimate Property Tax Bill
$857
$796
Property Tax Rates Across Ravenel, Charleston County, South Carolina
Local government entities determine tax rates, leading to significant variations within a state. Each year, counties estimate their budgets for essential services and divide this by the total value of all taxable property within their jurisdiction to establish the property tax rate. This process, though influenced by votes and legislation, forms the core of annual tax rate settings.
In Ravenel, Charleston County, the effective property tax rate stands at 0.68%, which is below the national median of 1.02%. This lower rate can be appealing for property owners, as it indicates a potentially lower financial burden compared to other regions. The consistency in Ravenel's tax rate, as seen with the zip code 29470, suggests a stable tax environment, which can be advantageous for long-term property investments. Comparing this to other cities in South Carolina, Ravenel's rate is competitive, offering residents a favorable position within the state. With the national median property tax bill at $2,400, Ravenel residents may find themselves paying less annually, enhancing the appeal of this location for current and prospective homeowners alike.
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 Ravenel Tax Rate
0.68%
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 Charleston County Tax Rate
0.53%
Median Effective South Carolina Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ravenel, Charleston County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29470 | 0.39% | 0.46% | 0.68% | 1.83% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Ravenel, Charleston County, South Carolina
When examining property taxes in Ravenel, 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 Charleston 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.
In Charleston 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 Ravenel.
For example, the median home price in Ravenel is $126,100, with tax bills ranging significantly across the county. Zip code 29470 has the highest median home price at $126,100.
Property Tax Assessment Values Across Ravenel, Charleston County, South Carolina
Source: Ownwell
$25,350
$890,900
$1,756,450
Median Ravenel Market Value
$126,100
Median Charleston County Market Value
$305,700
Median South Carolina Market Value
$140,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ravenel, Charleston County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29470 | $5,900 | $16,875 | $126,100 | $381,481 | $545,000 |
Source: Ownwell
Property Tax Bills Across Ravenel, Charleston County, South Carolina
In Ravenel, Charleston County, SC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects a percentage of the home's market value. Homeowners in Ravenel experience a median property tax bill of $916, which is significantly lower than the national median of $2,400. Factors affecting the tax bill include the property's location, size, and improvements. The tax bill can vary, as seen with the 25th percentile at $251 and the 90th percentile reaching up to $3,206. These variations highlight how different property characteristics and assessments can influence the tax burden on homeowners.
Ownwell offers valuable assistance to homeowners in Ravenel by providing property tax appeal and exemption services. By leveraging their expertise, Ownwell can identify potential savings and ensure that homeowners are not overpaying on their property taxes. This can lead to substantial savings, particularly for those with higher tax assessments, ensuring that homeowners pay only their fair share.
Property Tax Bills Across Ravenel, Charleston County, South Carolina
Source: Ownwell
$366
$5,731
$11,095
Median Ravenel Tax Bill
$916
Median Charleston County Tax Bill
$1,751
Median South Carolina Tax Bill
$1,086
Median United States Tax Bill
$2,400
Property Tax Bills Across Ravenel, Charleston County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29470 | $150 | $251 | $916 | $2,079 | $3,206 |
Source: Ownwell