29582 Property Tax Rate

Property owners in ZIP code 29582 (North Myrtle Beach, South Carolina) pay a median of $1,333/year in property taxes on homes valued at $370,700. This translates to an effective tax rate of 0.36%, which is 34% below the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29582 is approximately $111, which factors into escrow payments on mortgages. This ZIP code is located within Horry County. This is $298 more than the South Carolina average of $1,035/year.

Compared to similar ZIP codes in South Carolina, 29582 has higher property taxes. ZIP codes with similar effective rates include 29821 (0.36%) and 29842 (0.36%).

In North Myrtle Beach, property taxes represent approximately 1.9% of the median household income of $71,030, 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.