Coward, South Carolina Property Taxes
The median property tax rate in Coward, SC is 0.31%, 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 Coward at $28,134, the typical annual property tax bill is $210, far below the national median of $2,690. Property taxes in Coward are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Coward'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 Coward or another part of Florence County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coward, 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 Coward Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coward with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coward 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 Coward, South Carolina
Property taxes in Coward, South Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Coward is 0.31%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Coward set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coward 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 Coward's effective property tax rate to other counties in South Carolina and the national median. Understanding how these cities compare with Coward provides valuable insights into the varying tax landscape across Florence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coward Tax Rate
0.31%
Average Florence County Tax Rate
0.45%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coward, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29530 | 0.16% | 0.31% | 0.31% | 1.92% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Coward, South Carolina
In Coward, 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 Florence 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 Coward, 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 Coward helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area, both at $210.00, are found in the 29530 zip code.
Average Coward Assessed Value
$28,134
Average Florence County Assessed Value
$26,678
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coward, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29530 | $3,236 | $9,155 | $28,134 | $76,968 | $128,198 |
Source: Ownwell
Property Tax Bills Across Coward, South Carolina
In Coward, located in Florence County, SC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, which in Coward is relatively low, with a median home price of $28,134. The local tax rate is applied to this assessed value to determine the property tax bill. Homeowners in Coward experience a range of property tax bills. At the 25th percentile, the tax bill is $81, while at the 75th percentile, it rises to $479. For those in the 90th percentile, the tax bill can be as high as $1,178. The highest median tax bill in the area is $210, found in the zip code 29530. Compared to the national median property tax rate of 0.99%, Coward's property taxes are quite modest, making it an attractive location for homeowners looking for lower property tax burdens. This affordability can significantly affect homeowners by reducing their overall housing costs and making homeownership more accessible.
Average Coward Tax Bill
$210
Average Florence County Tax Bill
$515
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Coward, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29530 | $33 | $81 | $210 | $479 | $1,178 |
Source: Ownwell