29122 Property Tax Rate

Property owners in ZIP code 29122 (Peak, South Carolina) pay a median of $1,125/year in property taxes on homes valued at $175,000. This translates to an effective tax rate of 0.64%, which is 18% above the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29122 is approximately $94, which factors into escrow payments on mortgages. This ZIP code is located within Newberry County.

Compared to similar ZIP codes in South Carolina, 29122 has higher property taxes. ZIP codes with similar effective rates include 29835 (0.64%) and 29596 (0.64%).

In Peak, property taxes represent approximately 0.8% of the median household income of $135,341, providing context for the relative tax burden on homeowners in this area.

South Carolina conducts countywide property revaluations every 5 years without purchase-price protections — your assessment can jump significantly at the next revaluation regardless of what you paid. Newberry County provides a Homestead Exemption ($50,000 off assessed value for primary residences, income-limited) and Senior Citizens Exemption; apply with the Newberry County Assessor to reduce your tax burden. Submit your homestead exemption claim to the Newberry County Assessor within 30 days of closing and verify the exemption is applied before the next scheduled revaluation.