29649 Property Tax Rate

Property owners in ZIP code 29649 (Greenwood, South Carolina) pay a median of $1,221/year in property taxes on homes valued at $207,700. This translates to an effective tax rate of 0.59%, which is 8% above the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29649 is approximately $102, which factors into escrow payments on mortgages. This ZIP code is located within Greenwood County.

Compared to similar ZIP codes in South Carolina, 29649 has lower property taxes. ZIP codes with similar effective rates include 29853 (0.59%) and 29485 (0.59%).

In Greenwood, property taxes represent approximately 2.2% of the median household income of $56,268, providing context for the relative tax burden on homeowners in this area.

South Carolina imposes no statewide reassessment limit; Greenwood County will reset your assessed value to current market value at sale. Greenwood County residents qualify for a $50,000 Homestead Exemption on primary residences — apply with the Greenwood County Assessor immediately after closing to reduce your taxable base. Confirm the exemption amount and effective date in writing from the assessor.