Cross, South Carolina Property Taxes
The median property tax rate in Cross, SC is 0.97%, slightly below the national median of 0.99% but higher than the South Carolina state median of 0.72%. With the median home value in Cross, the typical annual property tax bill is $424, which is significantly lower than the national median of $2,690. Property taxes in Cross 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 Cross'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 Cross 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
Cross, 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 CROSS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CROSS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CROSS 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 Cross, South Carolina
Property taxes in Cross, South Carolina, are essential for funding local services like public schools, road maintenance, and emergency services. The median tax rate in Cross is 0.97%, slightly below the U.S. national median of 0.99%. Local government entities within Cross set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cross 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 Cross's effective property tax rate to other areas in South Carolina and the national median. For comparison, the zip code 29436 has both the highest and lowest median property tax rate of 0.97%, identical to Cross. Understanding how these areas compare with Cross 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 Cross Tax Rate
0.97%
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 Cross, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29436 | 0.40% | 0.69% | 0.97% | 2.34% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Cross, South Carolina
In CROSS, 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'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 CROSS, 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 CROSS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $424.00, and the lowest median tax bill is also $424.00, both in the zip code 29436.
Average Cross Assessed Value
$25,540
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 Cross, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29436 | $6,000 | $10,700 | $25,540 | $70,202 | $147,735 |
Source: Ownwell
Property Tax Bills Across Cross, South Carolina
In CROSS, located in Orangeburg County, SC, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the county's property assessor. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For instance, the median home price in CROSS is $25,540. Depending on various factors like property location and exemptions, tax bills can vary significantly. At the 25th percentile, homeowners pay around $148, while those at the 75th percentile face tax bills of approximately $1,025. The 90th percentile sees even higher tax bills, reaching up to $1,335. These property taxes fund essential public services, including schools, infrastructure, and emergency services. Although the property tax rate in CROSS may seem modest compared to the national median rate of 0.99%, it can still have a significant impact on homeowners, especially those on fixed incomes or with lower property values.
Average Cross Tax Bill
$424
Average Orangeburg County Tax Bill
$620
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Cross, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29436 | $82 | $148 | $424 | $1,025 | $1,335 |
Source: Ownwell