Calhoun Falls, Mccormick County, South Carolina Property Taxes

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

Median Calhoun Falls, SC effective property tax rate: 1.51%, significantly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Calhoun Falls, SC home value: $7,000
Median annual Calhoun Falls, SC tax bill: $105, $2,295 lower than the national median property tax bill of $2,400.

How are property taxes in McCormick calculated?

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

Last Updated March 1, 2025

Calhoun Falls, Mccormick County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.51%

Estimate Property Tax Bill

$106

$98

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

Property Tax Rates Across Calhoun Falls, Mccormick County, South Carolina

Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its necessary budget for services and divides it by the total value of all taxable property in its area, yielding the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the essence of the yearly process.

For example, Calhoun Falls in McCormick County, South Carolina, presents an interesting case. The effective property tax rate here can be compared to other cities in South Carolina, as well as the median property tax rates both in the state and across the U.S. South Carolina's median property tax rate of 0.57% is significantly lower than the national median of 1.02%, offering residents a more favorable tax environment. However, McCormick County's median rate of 1.51% is notably higher than both the state and national medians, highlighting the variability in tax rates within the state. This discrepancy underscores the importance of understanding local tax rates and appealing them when necessary.

Property Tax Rates Across Calhoun Falls, Mccormick County, South Carolina

Source: Ownwell

1.11%

1.77%

2.43%

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 Calhoun Falls Tax Rate

1.51%

Median Effective Mccormick County Tax Rate

1.91%

Median Effective South Carolina Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Calhoun Falls, Mccormick County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29628	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Calhoun Falls, Mccormick County, South Carolina

When examining property taxes in Calhoun Falls, 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 McCormick 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 McCormick County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Calhoun Falls. For example, the median home price in Calhoun Falls is $7,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Calhoun Falls, Mccormick County, South Carolina

Source: Ownwell

$6,625

$49,188

$91,750

Median Calhoun Falls Market Value

$7,000

Median Mccormick County Market Value

$15,500

Median South Carolina Market Value

$140,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Calhoun Falls, Mccormick County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29628	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Calhoun Falls, Mccormick County, South Carolina

In Calhoun Falls, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Calhoun Falls is $7,000, considerably lower than the national median. Consequently, property tax bills in this region are significantly lower. For example, the tax bills at the 25th, 75th, and 90th percentiles are all $105, which is a stark contrast to the national median property tax bill of $2,400. This low tax bill can be attributed to the lower property values in the area. However, even with these low tax bills, homeowners in Calhoun Falls can still benefit from ensuring their property assessments are fair and accurate. Ownwell provides expert property tax appeal services to help homeowners reduce their tax burden. By analyzing local market trends and assessment data, Ownwell identifies opportunities for savings, ensuring that homeowners only pay their fair share in property taxes. This service can lead to significant savings, even in areas with lower tax bills.

Property Tax Bills Across Calhoun Falls, Mccormick County, South Carolina

Source: Ownwell

$142

$353

$564

Median Calhoun Falls Tax Bill

$105

Median Mccormick County Tax Bill

$213

Median South Carolina Tax Bill

$1,086

Median United States Tax Bill

$2,400

Property Tax Bills Across Calhoun Falls, Mccormick County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29628	N/A	N/A	N/A	N/A	N/A

Source: Ownwell