29061 Property Tax Rate

Property owners in ZIP code 29061 (Hopkins, South Carolina) pay a median of $1,103/year in property taxes on homes valued at $162,300. This translates to an effective tax rate of 0.68%, which is 25% above the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29061 is approximately $92, which factors into escrow payments on mortgages. This ZIP code is located within Richland County.

Compared to similar ZIP codes in South Carolina, 29061 has higher property taxes. ZIP codes with similar effective rates include 29205 (0.68%) and 29307 (0.68%).

In Hopkins, property taxes represent approximately 1.9% of the median household income of $58,741, 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. Richland County offers a Homestead Exemption of $50,000 off assessed value for primary residences — apply with the Richland County Assessor within 60 days of closing to reduce your annual tax bill immediately. Seniors (65+) and disabled homeowners should contact the Richland County Assessor to verify eligibility for additional exemptions, deferrals, or freeze programs specific to Richland County.