Clarks Hill, Mccormick County, South Carolina Property Taxes
Median Clarks Hill, SC effective property tax rate: 1.53%, significantly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Clarks Hill, SC home value: $17,330
Median annual Clarks Hill, SC tax bill: $185, $2,215 lower than the national median property tax bill of $2,400.
How are property taxes in McCormick calculated?
Property taxes in Clarks Hill, 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 Clarks Hill’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Clarks Hill, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Clarks Hill, Mccormick County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$39
$36
Property Tax Rates Across Clarks Hill, Mccormick County, South Carolina
Local government entities determine property tax rates, which can differ significantly across a state. This variation arises because each county annually calculates its budgetary needs for services and divides that by the total assessed value of all taxable properties within its jurisdiction. This process establishes the property tax rate. Though votes and laws play roles in setting these rates and budgets, this is the essence of the annual procedure.
In McCormick County, Clarks Hill's effective property tax rate offers an interesting comparison to other cities in South Carolina and the national median. South Carolina's median property tax rate is notably higher than the national median of 1.02%. This means property owners in Clarks Hill may face higher property tax bills than the national average, impacting their overall cost of living. Understanding these differences is crucial for property owners considering an appeal or exemption to optimize their tax obligations. By being informed about local tax rates, property owners can make educated decisions about their financial commitments and explore potential savings opportunities.
Property Tax Rates Across Clarks Hill, Mccormick County, South Carolina
Source: Ownwell
0.67%
0.69%
0.71%
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 Clarks Hill Tax Rate
0.71%
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 Mccormick County Tax Rate
0.71%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Clarks Hill, Mccormick County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29821 | 0.58% | 0.67% | 0.71% | 1.37% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Clarks Hill, Mccormick County, South Carolina
When examining property taxes in Clarks Hill, 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.
Assessment notices in McCormick County 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 Clarks Hill.
For example, the median home price in Clarks Hill is $17,330, with tax bills ranging significantly across the county. Zip code 29821 has the highest median home price at $17,330.
Property Tax Assessment Values Across Clarks Hill, Mccormick County, South Carolina
Source: Ownwell
$5,500
$12,500
$19,500
Median Clarks Hill Market Value
$5,500
Median Mccormick County Market Value
$11,000
Median South Carolina Market Value
$188,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Clarks Hill, Mccormick County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29821 | $3,000 | $3,875 | $5,500 | $18,625 | $42,983 |
Source: Ownwell
Property Tax Bills Across Clarks Hill, Mccormick County, South Carolina
Median Clarks Hill Tax Bill
$73
Median Mccormick County Tax Bill
$80
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Clarks Hill, Mccormick County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29821 | $24 | $31 | $73 | $360 | $595 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
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| Appeal Deadline | January 15 |
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