Cameron, South Carolina Property Taxes
The median property tax rate in Cameron, SC is 0.50%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $90,400 in Cameron, the typical annual property tax bill amounts to $436, which is well below the national median of $2,690. Property taxes in Cameron are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Cameron'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 Cameron or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cameron, South Carolina Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Cameron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cameron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cameron 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 Cameron, South Carolina
Property taxes in Cameron, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cameron is 0.50%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Cameron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cameron 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 Cameron's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29030 has both the highest and lowest median property tax rate of 0.50%. Understanding how these cities compare with Cameron provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cameron Tax Rate
0.50%
Average Calhoun County Tax Rate
0.54%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cameron, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29030 | 0.25% | 0.40% | 0.50% | 0.96% | 2.17% |
Source: Ownwell
Property Tax Assessment Values Across Cameron, South Carolina
In Cameron, 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 Calhoun County Assessor 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 Cameron, 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 Cameron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cameron is $90,400, with the highest and lowest median tax bills both recorded at $436 in the 29030 zip code.
Average Cameron Assessed Value
$90,400
Average Calhoun County Assessed Value
$64,700
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cameron, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29030 | $7,040 | $24,800 | $90,400 | $182,780 | $298,800 |
Source: Ownwell
Property Tax Bills Across Cameron, South Carolina
In Cameron, located in Calhoun County, SC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the county assessor. Factors such as the property's location, size, and condition play a significant role in this valuation. Cameron's median home price stands at $90,400. The property tax rate in Cameron is used to determine the annual tax bill. For example, homeowners in the 25th percentile pay around $172, while those in the 75th percentile pay approximately $872. At the 90th percentile, the tax bill can reach up to $1,404. The highest median tax bill recorded in the area is $436, which is consistent across the zip code 29030. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting homeowners by contributing to the overall quality of life in the community.
Average Cameron Tax Bill
$436
Average Calhoun County Tax Bill
$366
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Cameron, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29030 | $89 | $172 | $436 | $872 | $1,404 |
Source: Ownwell