29045 Property Tax Rate

Property owners in ZIP code 29045 (Elgin, South Carolina) pay a median of $1,376/year in property taxes on homes valued at $241,200. This translates to an effective tax rate of 0.57%, which is 5% above the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29045 is approximately $115, which factors into escrow payments on mortgages. This ZIP code is located within Kershaw County. This is $341 more than the South Carolina average of $1,035/year.

Compared to similar ZIP codes in South Carolina, 29045 has higher property taxes. ZIP codes with similar effective rates include 29210 (0.57%) and 29169 (0.57%).

In Elgin, property taxes represent approximately 1.7% of the median household income of $80,627, 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. Kershaw County offers a Homestead Exemption of $50,000 off assessed value for primary residences — apply with the Kershaw County Assessor within 60 days of purchase to reduce your property tax liability. Seniors (65+) and disabled homeowners should inquire with the Kershaw County Assessor about additional exemptions, deferrals, or special programs available in the county.