29340 Property Tax Rate
Gaffney, South Carolina · Part of Cherokee County
Effective Tax Rate
0.49%
48.4% below state avgMedian Annual Tax
$534
$45/mo escrow
Estimate Your Tax
Annual Tax
$534
Monthly
$45
Eff. Rate
0.49%
Buyer decision brief
What ZIP 29340 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$45/mo
Based on median annual tax paid
State context
0.06 percentage points below the South Carolina average
South Carolina average: 0.54%
Data confidence
High confidenceThe Census margin of error is $54, about 10% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Cherokee County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 29340 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$54 tax MOE, 10% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Cherokee County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 29340
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $110,000, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.49%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on South Carolina and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $45 per month before insurance, HOA dues, or special assessments.
Assessor verification
Cherokee County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 29340 Compares
Median Annual Property Tax
ZIP 29340
0.49%
Effective rate
South Carolina Avg
0.54%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in South Carolina
Lower than 57% of ZIP codes in South Carolina(43th percentile, 374 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 29340
Property owners in ZIP code 29340 (Gaffney, South Carolina) pay a median of $534/year in property taxes on homes valued at $110,000. This translates to an effective tax rate of 0.49%, which is 11% below the South Carolina state average of 0.54%.
The monthly property tax burden for a median-valued home in 29340 is approximately $45, which factors into escrow payments on mortgages. This ZIP code is located within Cherokee County. This is $501 less than the South Carolina average of $1,035/year.
Compared to similar ZIP codes in South Carolina, 29340 has lower property taxes. ZIP codes with similar effective rates include 29545 (0.49%) and 29351 (0.48%).
In Gaffney, property taxes represent approximately 1.3% of the median household income of $42,359, providing context for the relative tax burden on homeowners in this area.
South Carolina reassesses all properties countywide every 5 years without regard to purchase price — your assessment will reset at the next cycle without protections. Cherokee County provides a Homestead Exemption ($50,000 off assessed value for owner-occupied primary residences, income-limited) and Senior Citizens Exemption; file with the Cherokee County Assessor to claim the deduction. File your homestead exemption application with the Cherokee County Assessor within 30 days of purchase and confirm the exemption is recorded before the next scheduled revaluation.
Frequently Asked Questions
What is the property tax rate in ZIP code 29340?
How much are property taxes in Gaffney, SC (29340)?
How does ZIP 29340 compare to the South Carolina average?
What is the median home value in ZIP 29340?
What county is ZIP code 29340 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$54. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 29340 is part of Cherokee County, South Carolina. View the full county profile for broader context and more data.
View Cherokee County on TaxByCounty →Explore Gaffney, SC
View all 2 ZIP codes in Gaffney with property tax comparisons.
View Gaffney Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 29340
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
29341
Gaffney, SC
0.05 percentage points lower than ZIP 29340.
Rate
0.44%
Tax
$746
Quality
96
29702
Blacksburg, SC
0.06 percentage points lower than ZIP 29340.
Rate
0.43%
Tax
$512
Quality
89
29482
Sullivans Island, SC
0.09 percentage points lower than ZIP 29340.
Rate
0.39%
Tax
$7,885
Quality
75
29941
Sheldon, SC
$1,890,001 higher median home value than ZIP 29340.
Rate
0.50%
Tax
$10,001
Quality
70
29451
Isle Of Palms, SC
0.21 percentage points lower than ZIP 29340.
Rate
0.28%
Tax
$3,350
Quality
77
29401
Charleston, SC
$1,055,900 higher median home value than ZIP 29340.
Rate
0.54%
Tax
$6,239
Quality
94
29439
Folly Beach, SC
0.11 percentage points lower than ZIP 29340.
Rate
0.38%
Tax
$3,788
Quality
77
29928
Hilton Head Island, SC
0.02 percentage points lower than ZIP 29340.
Rate
0.46%
Tax
$3,592
Quality
89
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.