29401 Property Tax Rate

Property owners in ZIP code 29401 (Charleston, South Carolina) pay a median of $6,239/year in property taxes on homes valued at $1,165,900. This translates to an effective tax rate of 0.54%, which is near the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29401 is approximately $520, which factors into escrow payments on mortgages. This ZIP code is located within Charleston County. This is $5,204 more than the South Carolina average of $1,035/year.

Compared to similar ZIP codes in South Carolina, 29401 has lower property taxes. ZIP codes with similar effective rates include 29129 (0.53%) and 29153 (0.54%).

In Charleston, property taxes represent approximately 6.9% of the median household income of $90,074, providing context for the relative tax burden on homeowners in this area.

South Carolina revalues all properties countywide every 5 years regardless of purchase price — your assessment can increase substantially at the next revaluation cycle. Charleston County provides a Homestead Exemption ($50,000 off assessed value for owner-occupied homes, income-capped) and Senior Citizens Exemption; file with the Charleston County Assessor to reduce your taxable value. File your homestead exemption application with the Charleston County Assessor within 30 days of purchase and confirm receipt before the next county-wide revaluation cycle.