Great Falls, Chester County, South Carolina Property Taxes
Median Great Falls, SC effective property tax rate: 2.61%, significantly higher than the national median of 1.02%, and higher than the South Carolina state median of 0.66%.
Median Great Falls, SC home value: $16,300
Median annual Great Falls, SC tax bill: $346, $2,054 lower than the national median property tax bill of $2,400.
How are property taxes in Chester calculated?
Property taxes in Great Falls, 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 Great Falls's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Great Falls, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Great Falls, Chester County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.61%
Estimate Property Tax Bill
$425
$395
Property Tax Rates Across Great Falls, Chester County, South Carolina
Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Great Falls, located in Chester County, SC, the effective property tax rate stands at 2.61%. This rate is among the highest in the state, with Chester County's rate being higher than the national median property tax rate of 1.02%. Property owners in Great Falls can expect their tax bills to be significantly higher than the national median property tax bill of $2,400.
Comparing Great Falls to other cities in South Carolina, it's evident that the property tax rate here is at the upper end of the spectrum. This underscores the importance of understanding property tax rates and seeking professional assistance to potentially lower your tax burden.
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 Great Falls Tax Rate
2.61%
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 Chester County Tax Rate
2.61%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Great Falls, Chester County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29055 | 0.71% | 2.20% | 2.61% | 2.82% | 2.88% |
Source: Ownwell
Property Tax Assessment Values Across Great Falls, Chester County, South Carolina
When examining property taxes in Great Falls, 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 Chester 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 Chester 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 Great Falls. For example, the median home price in Great Falls is $16,300, with tax bills ranging significantly across the county. Zip code 29055 has the highest median home price at $16,300.
Property Tax Assessment Values Across Great Falls, Chester County, South Carolina
Source: Ownwell
$16,300
$25,050
$33,800
Median Great Falls Market Value
$16,300
Median Chester County Market Value
$20,100
Median South Carolina Market Value
$188,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Great Falls, Chester County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29055 | $1,200 | $4,400 | $16,300 | $40,400 | $77,820 |
Source: Ownwell
Property Tax Bills Across Great Falls, Chester County, South Carolina
Median Great Falls Tax Bill
$346
Median Chester County Tax Bill
$410
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Great Falls, Chester County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29055 | $67 | $127 | $346 | $756 | $1,454 |
Source: Ownwell