Property Taxes in Gaffney, South Carolina
Median Gaffney, South Carolina effective property tax rate: 0.46%, significantly lower than the national median of 1.02%, and lower than the South Carolina state median of 0.66%.
Median Gaffney, South Carolina home value: $89,900
Median annual Gaffney, South Carolina tax bill: $628, lower than the national median property tax bill of $2,400.
How are property taxes in Cherokee calculated?
Property taxes in Gaffney, South Carolina 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 Gaffney's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gaffney, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Gaffney Property Tax Calculator Work?
Use this Gaffney property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Gaffney's median effective tax rate of 0.46% — based on actual property records in Cherokee County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Gaffney's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Gaffney: rates range from $560.00 in 29340 to $691.00 in 29341, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Gaffney.
About Gaffney Property Taxes
About Property Taxes in Gaffney, Cherokee, South Carolina
Gaffney’s median effective property tax rate of 0.46% is lower than the South Carolina state median of 0.66% and lower than the national median of 1.02%. This rate reflects the Cherokee County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Gaffney. Homeowners in the 29340 ZIP code carry a median effective rate of 0.63%, while those in 29341 pay 0.45%. This spread — 0.18 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Cherokee County. Understanding which part of Gaffney you live in can make a meaningful difference to your annual tax bill.
Gaffney homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the January 15, 2027 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Gaffney, Cherokee County, South Carolina
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Gaffney's effective property tax rate to other cities in South Carolina and the median property tax rates in South Carolina and the U.S.
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 Gaffney Tax Rate
0.46%
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 Cherokee County Tax Rate
0.46%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Gaffney, Cherokee County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29340 | 0.22% | 0.42% | 0.63% | 1.95% | 2.39% |
| 29341 | 0.26% | 0.38% | 0.45% | 1.79% | 2.39% |
Source: Ownwell
Property Tax Assessment Values Across Gaffney, Cherokee County, South Carolina
When examining property taxes in Gaffney, 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 Cherokee 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 Cherokee County are sent in the spring each year and typically reach your mailbox by the middle of the month. Each property owner receives a notice that contains both the market value and assessed value, along with an estimate of your property tax bill.
The median home price in Gaffney is $89,900, with tax bills ranging across the county. 29341 has the highest median home price at $115,450. Gaffney’s median property tax bill is $628, compared with the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Gaffney, Cherokee County, South Carolina
Source: Ownwell
$57,900
$86,675
$115,450
Median Gaffney Market Value
$89,900
Median Cherokee County Market Value
$84,100
Median South Carolina Market Value
$188,850
Median United States Market Value
$274,101
Property Tax Assessment Values Across Gaffney, Cherokee County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29340 | $18,500 | $38,400 | $75,500 | $125,000 | $189,300 |
| 29341 | $26,500 | $56,000 | $115,450 | $189,600 | $271,720 |
Source: Ownwell
Property Tax Bills Across Gaffney, Cherokee County, South Carolina
Property tax bills in Gaffney are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For many homeowners, the starting point is the home’s value relative to the local median home price of $89,900. The final bill can vary depending on exemptions, assessment rules, and the specific tax rate set for Cherokee County and local taxing authorities.
What homeowners pay can differ widely across the city. The lowest median tax bill is $560.00 in ZIP code 29340, while the highest median tax bill is $691.00 in ZIP code 29341. Across the city, tax bills range from $326 at the 25th percentile to $1,041 at the 75th percentile, with the 90th percentile reaching $1,696.
These taxes affect homeowners by adding an ongoing annual cost tied to property ownership. Because bills are based on assessed value, changes in market value or assessment can raise or lower what a homeowner owes.
Median Gaffney Tax Bill
$628
Median Cherokee County Tax Bill
$601
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$3,209
Property Tax Bills Across Gaffney, Cherokee County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29340 | $148 | $277 | $560 | $964 | $1,627 |
| 29341 | $191 | $384 | $691 | $1,109 | $1,748 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | December 30 |
Links | |
|---|---|
| Cherokee Tax Assessor | |
| Website | qpublic.schneidercorp.com |