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Edgefield County residents get 'best bang' for buck, study says

Posted: May 4, 2016 - 1:08am

Edgefield County residents get “the best bang” for
their property-tax bucks in South Carolina, according to an analysis by a financial tech company.

SmartAsset crunched the numbers on school rankings, crime rates and property taxes for every county in the state and ranked Edgefield No. 1, according to a news release from the company.

Saluda came in sixth and Lexington seventh. Aiken County did not place in the top 10 for best overall value, but came in seventh for one of its components, lowest average tax rate.

As a way to measure the quality of schools, SmartAsset calculated the average math and reading/language arts proficiencies for all the school districts in the country. Within each state, these schools were then ranked between 1 and 10 (with 10 being the best) based on those average scores.

For each county, SmartAsset calculated the violent and property crimes per 100,000 residents. Using the school and crime numbers, they calculated a community score. This is the ratio of the school rank to the combined crime rate per 100,000 residents.

They used the number of households, median home value and average property tax rate to calculate a per capita property tax collected for each county.

Finally, they calculated a tax value by creating a ratio of the community score to the per capita property tax paid.

“This shows us the counties in the country where people are getting the most bang for their buck, or where their property tax dollars are going the furthest,” according to the release.

For more information, visit https://smartasset.com/taxes/south-carolina-property-tax-calculator?year=2016#us/tax

COUNTIES RANKED ON ‘BEST BANG’ FOR TAX DOLLARS

Here are the top 10 South Carolina counties getting the biggest bang for their property tax bucks:

Property School Crimes per Overall

Rank County tax rate rating 100,000 people value index

1 Edgefield 0.53% 6.00 2145 79.42

2 Cherokee 0.57% 5.00 2215 75.08

3 Chesterfield 0.42% 6.00 4073 74.63

4 Abbeville 0.52% 6.00 3243 70.02

5 Kershaw 0.52% 9.00 3980 68.55

6 Saluda 0.63% 5.00 2518 68.14

7 Lexington 0.54% 9.00 3295 67.50

8 Pickens 0.48% 8.00 4316 65.93

9 Oconee 0.49% 9.00 3601 65.70

10 Berkeley 0.52% 8.00 3388 64.62

SC 0.57% 6.00 4393

Source: SmartAsset

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