29001 Property Tax Rate

Property owners in ZIP code 29001 (Alcolu, South Carolina) pay a median of $683/year in property taxes on homes valued at $146,300. This translates to an effective tax rate of 0.47%, which is 14% below the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29001 is approximately $57, which factors into escrow payments on mortgages. This ZIP code is located within Clarendon County. This is $352 less than the South Carolina average of $1,035/year.

Compared to similar ZIP codes in South Carolina, 29001 has lower property taxes. ZIP codes with similar effective rates include 29727 (0.47%) and 29532 (0.47%).

In Alcolu, property taxes represent approximately 1.1% of the median household income of $63,804, providing context for the relative tax burden on homeowners in this area.

South Carolina does not have a state property reassessment law at sale; counties assess at market value at closing, so expect your tax bill to reflect current market conditions. Clarendon County offers a Homestead Exemption of $50,000 off assessed value for primary residences — apply with the Clarendon County Assessor within 60 days of purchase to reduce your annual tax bill. Seniors (65+) and disabled owners should inquire with the Clarendon County Assessor about additional exemptions or deferrals, as eligibility varies by county.