29440 Property Tax Rate

Property owners in ZIP code 29440 (Georgetown, South Carolina) pay a median of $830/year in property taxes on homes valued at $160,400. This translates to an effective tax rate of 0.52%, which is 5% below the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29440 is approximately $69, which factors into escrow payments on mortgages. This ZIP code is located within Georgetown County. This is $205 less than the South Carolina average of $1,035/year.

Compared to similar ZIP codes in South Carolina, 29440 has lower property taxes. ZIP codes with similar effective rates include 29356 (0.52%) and 29563 (0.52%).

In Georgetown, property taxes represent approximately 1.5% of the median household income of $54,926, providing context for the relative tax burden on homeowners in this area.

South Carolina has no statewide reassessment limit; Georgetown County will reassess your property at market value when you buy, potentially raising your tax liability significantly. Georgetown County provides a $50,000 Homestead Exemption for owner-occupied primary residences — apply with the Georgetown County Assessor within 30 days of purchase to claim immediate relief. Verify your exemption appears on your first tax bill and contact the assessor if it does not.