29053 Property Tax Rate

Property owners in ZIP code 29053 (Gaston, South Carolina) pay a median of $468/year in property taxes on homes valued at $116,700. This translates to an effective tax rate of 0.40%, which is 26% below the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29053 is approximately $39, which factors into escrow payments on mortgages. This ZIP code is located within Lexington County. This is $567 less than the South Carolina average of $1,035/year.

Compared to similar ZIP codes in South Carolina, 29053 has higher property taxes. ZIP codes with similar effective rates include 29172 (0.40%) and 29805 (0.40%).

In Gaston, property taxes represent approximately 0.9% of the median household income of $54,141, providing context for the relative tax burden on homeowners in this area.

South Carolina reassesses all properties countywide on a 5-year cycle regardless of sale — your purchase price does not limit future assessment increases. Lexington County offers a Homestead Exemption ($50,000 off assessed value for owner-occupied homes, with income limits) and additional exemptions for seniors and disabled residents; apply directly with the Lexington County Assessor. File your homestead exemption application with the Lexington County Assessor within 30 days of purchase and confirm your exemption is in place before the next county revaluation cycle.