Cheraw, Chesterfield County, South Carolina Property Taxes

Name: Property Tax Bills Across Cheraw, Chesterfield County, South Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cheraw, SC effective property tax rate: 0.42%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Cheraw, SC home value: $6,000
Median annual Cheraw, SC tax bill: $26, $2,374 lower than the national median property tax bill of $2,400.

How are property taxes in Chesterfield calculated?

Property taxes in Cheraw, SC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Cheraw’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cheraw, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cheraw, Chesterfield County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.42%

Estimate Property Tax Bill

$25

$23

Ownwell’s Cheraw Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cheraw with just two data points. By entering your property's estimated assessed value, our calculator applies Cheraw’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Chesterfield County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Chesterfield County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cheraw, Chesterfield County, South Carolina

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Cheraw’s effective property tax rate to other cities in South Carolina and the median property tax rates in South Carolina and the U.S.

Property Tax Rates Across Cheraw, Chesterfield County, South Carolina

Source: Ownwell

0.41%

0.63%

0.84%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Cheraw Tax Rate

0.42%

Median Effective Chesterfield County Tax Rate

0.41%

Median Effective South Carolina Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cheraw, Chesterfield County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29520	0.33%	0.41%	0.42%	0.51%	0.76%

Source: Ownwell

Property Tax Assessment Values Across Cheraw, Chesterfield County, South Carolina

When examining property taxes in Cheraw, SC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Chesterfield County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Chesterfield County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cheraw. For example, the median home price in Cheraw is $6,000, with tax bills ranging significantly across the county. Zip code 29520 has the highest median home price at $6,000.

Property Tax Assessment Values Across Cheraw, Chesterfield County, South Carolina

Source: Ownwell

$5,000

$6,500

$8,000

Median Cheraw Market Value

$6,000

Median Chesterfield County Market Value

$6,000

Median South Carolina Market Value

$140,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cheraw, Chesterfield County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29520	$3,150	$5,000	$6,000	$9,000	$36,470

Source: Ownwell

Property Tax Bills Across Cheraw, Chesterfield County, South Carolina

In Cheraw, located in Chesterfield 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 of the property. Homeowners in Cheraw face a median property tax bill that can vary significantly. For instance, at the 25th percentile, the tax bill is $21, while at the 75th percentile, it rises to $41, and at the 90th percentile, it can reach $120. These figures reflect the variability in tax obligations based on property values and local tax policies. Compared to the national median property tax bill of $2400, Cheraw's property taxes are relatively low. However, even small savings can be significant for homeowners. Ownwell offers property tax appeal and exemption services to help homeowners in Cheraw potentially reduce their tax bills. By analyzing property assessments and identifying opportunities for appeals or exemptions, Ownwell can assist homeowners in achieving substantial savings on their property taxes.

Property Tax Bills Across Cheraw, Chesterfield County, South Carolina

Source: Ownwell

$21

$52

$83

Median Cheraw Tax Bill

$26

Median Chesterfield County Tax Bill

$26

Median South Carolina Tax Bill

$1,086

Median United States Tax Bill

$2,400

Property Tax Bills Across Cheraw, Chesterfield County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29520	$11	$21	$26	$41	$120

Source: Ownwell