Cordova, South Carolina Property Taxes
The median property tax rate in Cordova, SC is 0.76%, which is lower than the national median of 0.99% but slightly higher than the South Carolina state median of 0.72%. With the median home value in Cordova, the typical annual property tax bill reaches $434, significantly below the national median of $2,690. Property taxes in Cordova 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 Cordova'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 Cordova or another part of Orangeburg County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cordova, 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 Cordova Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cordova with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cordova 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 Cordova, South Carolina
Property taxes in Cordova, South Carolina, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Cordova is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Cordova set these rates annually, and they can vary across different neighborhoods. Each year, Cordova 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. For comparison, the zip code 29039 has the highest median property tax rate of 0.76%, while it also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Cordova 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 Cordova 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 Cordova, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29039 | 0.27% | 0.58% | 0.76% | 2.34% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Cordova, South Carolina
In Cordova, 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 Assessor 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 Cordova, 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. Cordova's median home price is $23,380, with tax bills ranging from $213 at the 25th percentile to $1,383 at the 90th percentile. The highest and lowest median tax bills are both $434 in the 29039 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cordova Assessed Value
$23,380
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 Cordova, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29039 | $2,200 | $7,385 | $23,380 | $72,032 | $120,155 |
Source: Ownwell
Property Tax Bills Across Cordova, South Carolina
In Cordova, Orangeburg County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate, also known as the millage rate, is then applied to this assessed value to determine the tax bill. Factors such as property improvements, location, and market conditions can influence the assessed value. For homeowners in Cordova, the median home price is $23,380, and tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $213, while at the 75th percentile, it's $808, and at the 90th percentile, it reaches $1,383. These figures highlight the range of property tax burdens that homeowners may face. The highest median tax bill in the area is $434, which is notably lower than the national median property tax rate of 0.99%. This relatively low property tax rate can make homeownership in Cordova more affordable compared to other regions.
Average Cordova Tax Bill
$434
Average Orangeburg County Tax Bill
$620
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Cordova, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29039 | $96 | $213 | $434 | $808 | $1,383 |
Source: Ownwell