Cope, South Carolina Property Taxes
The median property tax rate in COPE, SC is 0.76%, slightly higher than the South Carolina state median of 0.72% but below the national median of 0.99%. With the median home value in COPE at $33,480, the typical annual property tax bill is $448, significantly lower than the national median of $2,690. Property taxes in COPE 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 COPE'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 COPE 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
Cope, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$254
$236
Ownwell’s COPE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in COPE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in COPE 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 Cope, South Carolina
Property taxes in COPE, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in COPE is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within COPE set these rates annually, and they can vary significantly across different neighborhoods. Each year, COPE 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 COPE's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29038 has both the highest and lowest median property tax rate of 0.76%. Understanding how these rates compare with COPE 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 Cope 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 Cope, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29038 | 0.23% | 0.52% | 0.76% | 2.36% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Cope, South Carolina
In COPE, 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 Orangeburg 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 COPE, 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 COPE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in COPE are both $448.00, found in the zip code 29038.
Average Cope Assessed Value
$33,480
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 Cope, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29038 | $3,800 | $8,990 | $33,480 | $92,600 | $167,726 |
Source: Ownwell
Property Tax Bills Across Cope, South Carolina
In COPE, located in Orangeburg County, SC, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the tax bill, including the home's value and any applicable exemptions or deductions. For homeowners in COPE, the property tax bill can vary significantly. For example, the 25th percentile tax bill is around $189, while the 75th percentile tax bill reaches $973. The 90th percentile tax bill can go up to $1497. These figures highlight the range of tax liabilities homeowners might face, depending on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, the property tax landscape in COPE can be relatively moderate. However, understanding these calculations and the factors involved is crucial for homeowners to manage their financial planning effectively.
Average Cope Tax Bill
$448
Average Orangeburg County Tax Bill
$620
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Cope, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29038 | $83 | $189 | $448 | $973 | $1,497 |
Source: Ownwell