Modoc, Mccormick County, South Carolina Property Taxes
Median Modoc, SC effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Modoc, SC home value: $91,750
Median annual Modoc, SC tax bill: $564, $1,836 lower than the national median property tax bill of $2,400.
How are property taxes in McCormick calculated?
Property taxes in Modoc, 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 Modoc’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Modoc, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Modoc, Mccormick County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$131
$121
Property Tax Rates Across Modoc, Mccormick County, South Carolina
Local government entities determine tax rates, which can significantly differ within a state. This variation is due to each county assessing its budgetary needs annually to fund public services and dividing that by the total assessed value of all taxable property within its domain. This calculation establishes the property tax rate. While the process involves votes and legislative measures to set tax rates and budgets, this is the fundamental annual procedure.
In Modoc, located in McCormick County, South Carolina, the effective property tax rate provides an interesting point of comparison to other cities within the state. South Carolina's median property tax rate stands at 1.11%, which is above the national median rate of 1.02%. This places South Carolina among the states with higher property tax rates. Modoc's tax rate aligns with the state's median, reflecting the broader trend within South Carolina.
By understanding these rates, property owners in Modoc can better navigate the complexities of property taxation and make informed decisions about appealing or seeking exemptions. This knowledge empowers homeowners to manage their property tax liabilities effectively.
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 Modoc Tax Rate
0.67%
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 Modoc, Mccormick County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29838 | 0.28% | 0.56% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Modoc, Mccormick County, South Carolina
When examining property taxes in Modoc, 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 McCormick 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.
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 Modoc. For example, the median home price in Modoc is $91,750, with tax bills ranging significantly across the county. Zip code 29838 has the highest median home price at $91,750.
Property Tax Assessment Values Across Modoc, Mccormick County, South Carolina
Source: Ownwell
$5,500
$12,500
$19,500
Median Modoc Market Value
$19,500
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 Modoc, Mccormick County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29838 | $5,000 | $5,150 | $19,500 | $42,500 | $71,291 |
Source: Ownwell
Property Tax Bills Across Modoc, Mccormick County, South Carolina
In Modoc, located in McCormick County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Modoc face a median property tax bill of $564, significantly below the national median of $2,400. This is due to South Carolina's generally lower property tax rates. The tax bill can vary, with the 25th percentile at $244 and the 75th percentile reaching $1,067. Factors influencing the tax bill include the assessed value, local tax rates, and any applicable exemptions or deductions. These factors mean that property taxes can significantly impact homeowners' finances, especially when values or rates change.
Ownwell offers services to help homeowners in Modoc reduce their property tax bills. By analyzing property assessments and identifying potential discrepancies or overlooked exemptions, Ownwell can assist homeowners in appealing their tax bills, ensuring they only pay what is fair. This can lead to substantial savings, providing financial relief and peace of mind for homeowners.
Median Modoc Tax Bill
$124
Median Mccormick County Tax Bill
$80
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Modoc, Mccormick County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29838 | $30 | $39 | $124 | $232 | $556 |
Source: Ownwell