29223 Property Tax Rate

Property owners in ZIP code 29223 (Columbia, South Carolina) pay a median of $1,562/year in property taxes on homes valued at $183,800. This translates to an effective tax rate of 0.85%, which is 56% above the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29223 is approximately $130, which factors into escrow payments on mortgages. This ZIP code is located within Richland County. This is $527 more than the South Carolina average of $1,035/year.

Compared to similar ZIP codes in South Carolina, 29223 has higher property taxes. ZIP codes with similar effective rates include 29452 (0.85%) and 29039 (0.84%).

In Columbia, property taxes represent approximately 2.8% of the median household income of $56,300, 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.