Cayce, Lexington County, South Carolina Property Taxes

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

Median Cayce, SC effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%. Median Cayce, SC home value: $104,899. Median annual Cayce, SC tax bill: $933, $1,467 lower than the national median property tax bill of $2,400.

How are property taxes in Lexington County calculated?

Property taxes in Cayce, 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 Cayce’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cayce, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cayce, Lexington County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$724

$672

Ownwell’s Cayce Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cayce with just two data points. By entering your property's estimated assessed value, our calculator applies Cayce’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 Lexington County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cayce, Lexington County, South Carolina

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Cayce, located in Lexington County, South Carolina, has an effective property tax rate that stands at 0.69%. This rate is lower than the national median property tax rate of 1.02%. Such a favorable rate can be attributed to the county's efficient budget management and the overall value of taxable properties within its jurisdiction. Homeowners in Cayce benefit from a tax environment that is more manageable compared to many other parts of the country. Considering the national median property tax bill is $2,400, residents in Cayce enjoy a relatively lower financial burden, enhancing the appeal of owning property in this region.

Property Tax Rates Across Cayce, Lexington County, South Carolina

Source: Ownwell

0.49%

0.75%

1.00%

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 Cayce Tax Rate

0.69%

Median Effective Lexington County Tax Rate

0.57%

Median Effective South Carolina Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cayce, Lexington County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29033	0.35%	0.69%	0.69%	2.13%	2.14%

Source: Ownwell

Property Tax Assessment Values Across Cayce, Lexington County, South Carolina

When examining property taxes in Cayce, South Carolina, 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 Lexington County Assessor's Office 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. Assessment notices: In Lexington 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 Cayce. For example, the median home price in Cayce is $104,899, with tax bills ranging significantly across the county. 29033 has the highest median home price at $104,899.

Property Tax Assessment Values Across Cayce, Lexington County, South Carolina

Source: Ownwell

$24,100

$146,458

$268,816

Median Cayce Market Value

$104,899

Median Lexington County Market Value

$147,464

Median South Carolina Market Value

$140,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cayce, Lexington County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29033	$44,548	$70,217	$104,899	$146,582	$197,191

Source: Ownwell

Property Tax Bills Across Cayce, Lexington County, South Carolina

In Cayce, located in Lexington County, SC, property tax bills are determined based on the assessed value of a home, which is a percentage of the market value. The median home price in the area is approximately $104,899. Property tax rates are applied to this assessed value, and the resulting tax bill can vary significantly. For instance, the 25th percentile tax bill is around $613, while the 75th percentile reaches $1,524, with the 90th percentile nearing $2,372. This variation affects homeowners differently, depending on the assessed value of their property. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Cayce homeowners may experience lower tax bills. However, the financial impact can still be significant. This is where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax burden, ensuring they pay only what is fair and equitable, maximizing their savings.

Property Tax Bills Across Cayce, Lexington County, South Carolina

Source: Ownwell

$315

$1,088

$1,860

Median Cayce Tax Bill

$933

Median Lexington County Tax Bill

$1,039

Median South Carolina Tax Bill

$1,086

Median United States Tax Bill

$2,400

Property Tax Bills Across Cayce, Lexington County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29033	$327	$613	$933	$1,524	$2,372

Source: Ownwell