Prosperity, Saluda County, South Carolina Property Taxes
Median Prosperity, SC effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but higher than the South Carolina state median of 0.72%.
Median Prosperity, SC home value: $198,600
Median annual Prosperity, SC tax bill: $2,100, $300 lower than the national median property tax bill of $2,400.
How are property taxes in Saluda 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, Saluda County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$1,490
$1,382
Property Tax Rates Across Prosperity, Saluda County, South Carolina
Local government entities determine property tax rates, leading to significant variations within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property in their area, resulting in the property tax rate. This process, while influenced by votes and legislation, is essentially how annual tax rates are set.
In Prosperity, located in Saluda County, the effective property tax rate reflects this process. Interestingly, Prosperity's rate is in line with both the highest and lowest median tax rates in South Carolina, showcasing a unique consistency. When compared to the national median property tax rate of 1.02%, Prosperity's rate is notably lower, highlighting a more favorable tax environment for property owners.
By understanding these dynamics, property owners in Prosperity can better navigate their tax obligations, potentially leading to significant savings. This insight into local tax rates not only aids in financial planning but also underscores the importance of staying informed about property tax assessments and potential appeals.
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
0.75%
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 Saluda County Tax Rate
0.88%
Median Effective South Carolina Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Prosperity, Saluda County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29127 | 0.55% | 0.66% | 0.75% | 2.16% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Prosperity, Saluda 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 Saluda 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 Saluda 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 $198,600, with tax bills ranging significantly across the county. Zip code 29127 has the highest median home price at $198,600.
Property Tax Assessment Values Across Prosperity, Saluda County, South Carolina
Source: Ownwell
$47,650
$123,125
$198,600
Median Prosperity Market Value
$198,600
Median Saluda County Market Value
$64,000
Median South Carolina Market Value
$140,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Prosperity, Saluda County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29127 | $60,740 | $127,000 | $198,600 | $295,700 | $391,820 |
Source: Ownwell
Property Tax Bills Across Prosperity, Saluda County, South Carolina
Median Prosperity Tax Bill
$2,100
Median Saluda County Tax Bill
$641
Median South Carolina Tax Bill
$1,086
Median United States Tax Bill
$2,400
Property Tax Bills Across Prosperity, Saluda County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29127 | $575 | $1,180 | $2,100 | $3,553 | $5,428 |
Source: Ownwell