Cameron, South Carolina Property Taxes
The median property tax rate in Cameron, SC is 0.76%, slightly higher than the South Carolina state median of 0.72% but lower than the national median of 0.99%. With a median home value in Cameron of $51,850, the typical annual property tax bill is $704, which is significantly below the national median of $2,690. Property taxes in Cameron are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Cameron'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 Cameron 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
Cameron, 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 Cameron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cameron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cameron 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 Cameron, South Carolina
Property taxes in Cameron, South Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Cameron is 0.76%, which is lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Cameron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cameron 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 Cameron's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29030 has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Cameron provides valuable insights into the varying tax landscape across Orangeburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cameron Tax Rate
0.76%
Average Orangeburg County Tax Rate
0.81%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cameron, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29030 | 0.26% | 0.49% | 0.76% | 2.37% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Cameron, South Carolina
In Cameron, 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 local appraisal authority 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 Cameron, 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 Cameron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Cameron are both $704.00, as seen in zip code 29030.
Average Cameron Assessed Value
$51,850
Average Orangeburg County Assessed Value
$41,835
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cameron, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29030 | $6,893 | $13,498 | $51,850 | $143,430 | $241,311 |
Source: Ownwell
Property Tax Bills Across Cameron, South Carolina
In Cameron, Orangeburg County, SC, property tax bills are calculated based on the assessed value of a property, which is a percentage of the market value determined by the county assessor. Homeowners in Cameron typically see property tax bills ranging from $284 at the 25th percentile to $1,934 at the 90th percentile. The median home price in this area is $51,850, leading to a median tax bill of $704. This rate is comparatively lower than the national median property tax rate of 0.99%, making Cameron an attractive location for homeowners seeking affordable property taxes. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These elements combined determine the final amount homeowners are required to pay. Lower property tax rates can significantly affect homeowners by reducing their annual financial burden, allowing for more disposable income or savings. Conversely, higher tax rates might increase the overall cost of owning a home, impacting long-term financial planning and housing affordability.
Average Cameron Tax Bill
$704
Average Orangeburg County Tax Bill
$620
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Cameron, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29030 | $139 | $284 | $704 | $1,276 | $1,934 |
Source: Ownwell