Mc Cormick, Edgefield County, South Carolina Property Taxes

Name: Property Tax Bills Across Mc Cormick, Edgefield County, South Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median MC CORMICK, SC effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the SC state median of 0.72%. Median MC CORMICK, SC home value: $30,868. Median annual MC CORMICK, SC tax bill: $201, $2,199 lower than the national median property tax bill of $2,400. How are property taxes in Edgefield calculated? Property taxes in MC CORMICK, SC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding MC CORMICK’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MC CORMICK, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mc Cormick, Edgefield County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.58%

Estimate Property Tax Bill

$184

$171

Ownwell’s MC CORMICK Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in MC CORMICK with just two data points. By entering your property's estimated assessed value, our calculator applies MC CORMICK’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in 45037. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mc Cormick, Edgefield County, South Carolina

Local government entities have the authority to set tax rates, leading to significant variations within a state. This happens because each county annually estimates its budgetary needs to provide essential services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially how the process unfolds each year.

In MC CORMICK, located in Edgefield County, SC, the effective property tax rate stands at 0.58%. When compared to other regions in South Carolina, this rate is quite favorable. The state's median property tax rate aligns with MC CORMICK's rate, offering residents a consistent tax experience. Nationally, the median property tax rate is 1.02%, making MC CORMICK's rate significantly lower than the national average. This lower rate can translate into substantial savings for property owners in MC CORMICK compared to those in regions with higher rates. For residents and potential property buyers, understanding these dynamics can be crucial in making informed decisions about property investments and financial planning.

Property Tax Rates Across Mc Cormick, Edgefield County, South Carolina

Source: Ownwell

0.45%

0.52%

0.59%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Mc Cormick Tax Rate

0.58%

Median Effective Edgefield County Tax Rate

0.54%

Median Effective South Carolina Tax Rate

0.66%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mc Cormick, Edgefield County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29835	0.25%	0.40%	0.58%	1.06%	2.79%

Source: Ownwell

Property Tax Assessment Values Across Mc Cormick, Edgefield County, South Carolina

When examining property taxes in MC CORMICK, SC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Edgefield County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Edgefield County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in MC CORMICK. For example, the median home price in MC CORMICK is $30,868, with tax bills ranging significantly across the county. 29835 has the highest median home price at $30,868.

Property Tax Assessment Values Across Mc Cormick, Edgefield County, South Carolina

Source: Ownwell

$31,682

$94,598

$157,514

Median Mc Cormick Market Value

$31,682

Median Edgefield County Market Value

$85,183

Median South Carolina Market Value

$188,850

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mc Cormick, Edgefield County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29835	$4,919	$11,602	$31,682	$85,354	$144,668

Source: Ownwell

Property Tax Bills Across Mc Cormick, Edgefield County, South Carolina

In McCormick, SC, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of its market value. In this region, the median home price is $30,868, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as location, home improvements, and market trends can influence the assessed value, thereby affecting the tax bill. The median property tax bill in McCormick is notably low, with the 25th percentile at $100 and the 75th percentile at $468, compared to the national median of $2,400. This presents an opportunity for significant savings. Ownwell can assist homeowners by reviewing their property assessments and identifying potential errors or overvaluations. By filing appeals and seeking exemptions, Ownwell helps to ensure that homeowners are not overpaying on their property taxes. This service can lead to substantial savings, especially in areas with varying property values and tax rates.

Property Tax Bills Across Mc Cormick, Edgefield County, South Carolina

Source: Ownwell

$222

$528

$833

Median Mc Cormick Tax Bill

$222

Median Edgefield County Tax Bill

$578

Median South Carolina Tax Bill

$1,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Mc Cormick, Edgefield County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29835	$100	$115	$222	$483	$665

Source: Ownwell