29566 Property Tax Rate

Property owners in ZIP code 29566 (Little River, South Carolina) pay a median of $811/year in property taxes on homes valued at $275,600. This translates to an effective tax rate of 0.29%, which is 46% below the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29566 is approximately $68, which factors into escrow payments on mortgages. This ZIP code is located within Horry County. This is $224 less than the South Carolina average of $1,035/year.

Compared to similar ZIP codes in South Carolina, 29566 has lower property taxes. ZIP codes with similar effective rates include 29511 (0.30%) and 29664 (0.31%).

In Little River, property taxes represent approximately 1.3% of the median household income of $63,358, providing context for the relative tax burden on homeowners in this area.

South Carolina reassesses property to current market value at sale with no annual increase cap; Horry County will establish a new tax basis when you close. Horry County homeowners qualify for a $50,000 Homestead Exemption on owner-occupied primary residences — file your application with the Horry County Assessor's office before your first tax bill is due. Request confirmation that the exemption has been applied to your property record.