29161 Property Tax Rate

Property owners in ZIP code 29161 (Timmonsville, South Carolina) pay a median of $569/year in property taxes on homes valued at $126,200. This translates to an effective tax rate of 0.45%, which is 17% below the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29161 is approximately $47, which factors into escrow payments on mortgages. This ZIP code is located within Florence County. This is $466 less than the South Carolina average of $1,035/year.

Compared to similar ZIP codes in South Carolina, 29161 has lower property taxes. ZIP codes with similar effective rates include 29486 (0.45%) and 29431 (0.45%).

In Timmonsville, property taxes represent approximately 1.2% of the median household income of $47,923, 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 resets at the next cycle and may rise significantly. Florence County offers a Homestead Exemption ($50,000 off assessed value for primary residences, subject to income limits) and Senior Citizens Exemption; file your application with the Florence County Assessor to reduce taxable base. Submit your homestead exemption application to the Florence County Assessor within 30 days of closing and confirm the exemption is recorded before the next county revaluation.