29577 Property Tax Rate

Property owners in ZIP code 29577 (Myrtle Beach, South Carolina) pay a median of $996/year in property taxes on homes valued at $273,700. This translates to an effective tax rate of 0.36%, which is 33% below the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29577 is approximately $83, which factors into escrow payments on mortgages. This ZIP code is located within Horry County.

Compared to similar ZIP codes in South Carolina, 29577 has higher property taxes. ZIP codes with similar effective rates include 29671 (0.36%) and 29594 (0.36%).

In Myrtle Beach, property taxes represent approximately 2.1% of the median household income of $48,561, 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.