Prosperity, Newberry County, South Carolina Property Taxes
Median Prosperity, SC effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but slightly higher than the South Carolina state median of 0.72%.
Median Prosperity, SC home value: $139,100
Median annual Prosperity, SC tax bill: $1,117, $1,283 lower than the national median property tax bill of $2,400.
How are property taxes in Newberry County calculated?
Property taxes in Prosperity, 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 Prosperity’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Prosperity, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Prosperity, Newberry County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$1,029
$955
Property Tax Rates Across Prosperity, Newberry County, South Carolina
Local government entities determine tax rates, which can significantly differ within a state. Annually, each county calculates its necessary budget to fund services and divides this by the total value of all taxable property within its area, resulting in the property tax rate. This process involves votes and legislation, but essentially, this is how it unfolds each year.
In Prosperity, located in Newberry County, the effective property tax rate stands at 0.74%. This rate aligns with the highest and lowest median tax rates in the state, both recorded in the 29127 ZIP code. Comparatively, the median property tax rate in South Carolina is also 0.74%, which is considerably lower than the national median property tax rate of 1.02%.
Prosperity's property tax rate offers a favorable environment for homeowners, especially when contrasted with the national median property tax bill of $2400. This makes Prosperity an attractive location for those seeking more affordable property tax rates without sacrificing essential services provided by the local government.
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 Prosperity Tax Rate
0.74%
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 Newberry 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 Prosperity, Newberry County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29127 | 0.42% | 0.61% | 0.74% | 0.91% | 2.20% |
Source: Ownwell
Property Tax Assessment Values Across Prosperity, Newberry County, South Carolina
When examining property taxes in Prosperity, 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 Newberry 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 Newberry 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 Prosperity. For example, the median home price in Prosperity is $139,100, with tax bills ranging significantly across the county. Zip code 29127 has the highest median home price at $139,100.
Property Tax Assessment Values Across Prosperity, Newberry County, South Carolina
Source: Ownwell
$33,700
$211,000
$388,300
Median Prosperity Market Value
$139,100
Median Newberry County Market Value
$69,300
Median South Carolina Market Value
$140,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Prosperity, Newberry County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29127 | $12,500 | $38,300 | $139,100 | $252,900 | $384,700 |
Source: Ownwell
Property Tax Bills Across Prosperity, Newberry County, South Carolina
In Prosperity, located in Newberry County, SC, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in the area is $139,100, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $403, while the 75th percentile reaches $2,070, and the 90th percentile can be as high as $3,406. Compared to the national median property tax bill of $2,400, Prosperity's tax bills can be considerably lower or higher, depending on specific property assessments and exemptions.
Factors influencing tax bills include property location, improvements, and applicable exemptions. Homeowners might face financial strain if their property's assessed value leads to higher tax bills. This is where Ownwell can assist. By offering property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax burden. With expertise in navigating local tax regulations, Ownwell ensures homeowners only pay their fair share, providing peace of mind and potential savings.
Property Tax Bills Across Prosperity, Newberry County, South Carolina
Source: Ownwell
$418
$1,588
$2,758
Median Prosperity Tax Bill
$1,117
Median Newberry County Tax Bill
$768
Median South Carolina Tax Bill
$1,086
Median United States Tax Bill
$2,400
Property Tax Bills Across Prosperity, Newberry County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29127 | $129 | $403 | $1,117 | $2,070 | $3,406 |
Source: Ownwell