Cades, South Carolina Property Taxes
The median property tax rate in Cades, SC is 1.59%, significantly higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $24,750 in Cades, the typical annual property tax bill is $353, which is considerably lower than the national median of $2,690. Property taxes in Cades are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Cades' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cades or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cades, 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 CADES Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in CADES with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CADES to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value is determined by the county for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Cades, South Carolina
Property taxes in Cades, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cades is 1.59%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Cades set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cades 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 Cades' effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29518 zip code has both the highest and lowest median property tax rate of 1.59%. Understanding how these areas compare with Cades provides valuable insights into the varying tax landscape across Clarendon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cades Tax Rate
1.59%
Average Clarendon County Tax Rate
1.84%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cades, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29518 | 0.92% | 1.17% | 1.59% | 2.04% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Cades, South Carolina
In CADES, 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 Clarendon County Assessor's Office 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 CADES, 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 CADES helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 29518 has both the highest and lowest median tax bill of $353.
Average Cades Assessed Value
$24,750
Average Clarendon County Assessed Value
$32,100
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cades, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29518 | $12,970 | $16,525 | $24,750 | $31,275 | $31,770 |
Source: Ownwell
Property Tax Bills Across Cades, South Carolina
In Cades, located in Clarendon County, SC, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value. Homeowners in Cades experience a variety of tax bills, with the 25th percentile paying around $208 and the 75th percentile paying about $506. The highest median tax bill in the area is $353, which is significantly lower than the national median property tax rate of 0.99%. Several factors contribute to the determination of a homeowner's tax bill, including the property's assessed value, local tax rates, and applicable exemptions. These taxes directly impact homeowners by influencing their annual financial obligations. Lower property tax bills in Cades can make homeownership more affordable compared to other regions, potentially attracting new residents. However, it's crucial for homeowners to stay informed about their property assessments and any available exemptions to ensure they are not overpaying on their property taxes.
Average Cades Tax Bill
$353
Average Clarendon County Tax Bill
$360
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Cades, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29518 | $167 | $208 | $353 | $506 | $562 |
Source: Ownwell