Cross, South Carolina Property Taxes
The median property tax rate in Cross, SC is 0.58%, 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 Cross at $108,350, the typical annual property tax bill amounts to $769, well below the national median of $2,690. Property taxes in Cross are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cross's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cross 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
Cross, 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 CROSS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CROSS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CROSS 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 Cross, South Carolina
Property taxes in CROSS, South Carolina, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in CROSS is 0.58%, which is significantly lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within CROSS set these rates annually, and they can vary significantly across different neighborhoods. Each year, CROSS 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 CROSS's effective property tax rate to other counties in South Carolina and the national median. For comparison, the ZIP code 29436 has both the highest and lowest median property tax rate of 0.58%. Understanding how these areas compare with CROSS 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 Cross Tax Rate
0.58%
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 Cross, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29436 | 0.35% | 0.42% | 0.58% | 1.63% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Cross, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in CROSS, South Carolina. 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. Assessment notices in CROSS 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. For instance, the highest median tax bill in CROSS is $769 in the 29436 zip code, which is significantly lower than the national median property tax rate of 0.99%. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Cross, South Carolina
Source: Ownwell
$96,200
$2,413,900
$4,731,600
Average Cross Assessed Value
$108,350
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 Cross, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29436 | $47,200 | $73,900 | $108,350 | $172,075 | $261,390 |
Source: Ownwell
Property Tax Bills Across Cross, South Carolina
In Cross, located in Berkeley County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Cross is $108,350. To determine the tax bill, local tax rates are applied to the assessed value of the property. Various factors, such as property location, home improvements, and market conditions, influence the assessed value. Homeowners in Cross can expect their property tax bills to vary significantly. At the 25th percentile, the tax bill is approximately $486, while those at the 75th percentile pay around $1,320. For high-value properties, the tax bill can reach up to $2,208 at the 90th percentile. The median tax bill in the highest and lowest zip codes is notably consistent at $769, reflecting the area's relatively stable property tax environment. Compared to the national median property tax rate of 0.99%, Cross offers a competitive tax rate, making it an attractive option for homeowners seeking affordability in property taxes.
Average Cross Tax Bill
$769
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 Cross, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29436 | $337 | $486 | $769 | $1,320 | $2,208 |
Source: Ownwell