Cordesville, South Carolina Property Taxes
The median property tax rate in Cordesville, SC is 0.52%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Cordesville at $121,300, the typical annual property tax bill is around $730, well below the national median of $2,690. Property taxes in Cordesville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Cordesville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Cordesville or another part of Berkeley County, knowing the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cordesville, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$631
Ownwell’s Cordesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cordesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cordesville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cordesville, South Carolina
Property taxes in Cordesville, South Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cordesville is 0.52%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Cordesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cordesville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Cordesville's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29434 has the highest median property tax rate of 0.52%, while the same zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Cordesville provides valuable insights into the varying tax landscape across Berkeley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cordesville Tax Rate
0.52%
Average Berkeley County Tax Rate
0.55%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cordesville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29434 | 0.18% | 0.39% | 0.52% | 1.51% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Cordesville, South Carolina
In Cordesville, South Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Berkeley County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Cordesville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Cordesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Cordesville is 29434, with a median tax bill of $730.
Property Tax Assessment Values Across Cordesville, South Carolina
Source: Ownwell
$96,200
$2,413,900
$4,731,600
Average Cordesville Assessed Value
$121,300
Average Berkeley County Assessed Value
$231,300
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cordesville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29434 | $48,900 | $69,700 | $121,300 | $207,300 | $407,700 |
Source: Ownwell
Property Tax Bills Across Cordesville, South Carolina
Property tax bills in Cordesville, located in Berkeley County, SC, are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and is a percentage of the market value of the home. For homeowners in Cordesville, the median home price is $121,300. The tax rate, or millage rate, is then applied to the assessed value to determine the annual property tax bill. In Cordesville, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $499, while the 75th percentile reaches $1,194, and the 90th percentile can be as high as $2,268. This variation highlights how factors such as property location, size, and improvements can impact the tax burden. Compared to the national median property tax rate of 0.99%, the property tax rate in Cordesville can be relatively moderate or steep depending on the specific property. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Cordesville Tax Bill
$730
Average Berkeley County Tax Bill
$1,364
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Cordesville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29434 | $314 | $499 | $730 | $1,194 | $2,268 |
Source: Ownwell