Cassatt, South Carolina Property Taxes
The median property tax rate in Cassatt, SC is 1.06%, slightly higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Cassatt, the typical annual property tax bill reaches $355, which is significantly lower than the national median of $2,690. Property taxes in Cassatt are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cassatt'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 Cassatt 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
Cassatt, 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 Cassatt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cassatt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cassatt 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 Cassatt, South Carolina
Property taxes in Cassatt, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cassatt is 0.57%, lower than both the South Carolina state median of 0.56% and the U.S. national median of 0.99%. Local government entities within Cassatt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cassatt 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 Cassatt's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29032 zip code has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Cassatt provides valuable insights into the varying tax landscape across Kershaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cassatt Tax Rate
1.06%
Average Kershaw County Tax Rate
0.66%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cassatt, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29032 | 0.31% | 0.51% | 1.06% | 2.69% | 5.08% |
Source: Ownwell
Property Tax Assessment Values Across Cassatt, South Carolina
In Cassatt, 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 Kershaw 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 Cassatt, 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 Cassatt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cassatt is $27,950, with tax bills ranging from $227 at the 25th percentile to $1,111 at the 90th percentile. The zip code 29032 has the highest and lowest median tax bill, both at $355.
Average Cassatt Assessed Value
$27,950
Average Kershaw County Assessed Value
$113,100
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cassatt, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29032 | $5,000 | $10,000 | $27,950 | $85,125 | $158,030 |
Source: Ownwell
Property Tax Bills Across Cassatt, South Carolina
In Cassatt, Kershaw County, SC, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Cassatt is $27,950, and the property tax rate is notably lower than the national median of 0.99%. Homeowners in Cassatt can expect their tax bills to fall between the 25th percentile at $227 and the 75th percentile at $669, with the 90th percentile reaching up to $1,111. This variation in tax bills is influenced by the assessed value of the property, which considers factors such as property size, location, and improvements. The highest and lowest median tax bills in the area are both $355, indicating a consistent tax rate. These property taxes are crucial as they fund local services and infrastructure, impacting the community and the overall quality of life for residents. Homeowners need to be aware of these factors to better manage their finances and understand the value they receive from their tax contributions.
Average Cassatt Tax Bill
$355
Average Kershaw County Tax Bill
$792
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Cassatt, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29032 | $80 | $227 | $355 | $669 | $1,111 |
Source: Ownwell