29572 Property Tax Rate

Property owners in ZIP code 29572 (Myrtle Beach, South Carolina) pay a median of $1,294/year in property taxes on homes valued at $385,100. This translates to an effective tax rate of 0.34%, which is 38% below the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29572 is approximately $108, which factors into escrow payments on mortgages. This ZIP code is located within Horry County. This is $259 more than the South Carolina average of $1,035/year.

Compared to similar ZIP codes in South Carolina, 29572 has lower property taxes. ZIP codes with similar effective rates include 29526 (0.34%) and 29464 (0.34%).

In Myrtle Beach, property taxes represent approximately 1.7% of the median household income of $75,388, 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.