29718 Property Tax Rate

Property owners in ZIP code 29718 (Jefferson, South Carolina) pay a median of $499/year in property taxes on homes valued at $116,700. This translates to an effective tax rate of 0.43%, which is 21% below the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29718 is approximately $42, which factors into escrow payments on mortgages. This ZIP code is located within Chesterfield County. This is $536 less than the South Carolina average of $1,035/year.

Compared to similar ZIP codes in South Carolina, 29718 has lower property taxes. ZIP codes with similar effective rates include 29374 (0.43%) and 29030 (0.43%).

In Jefferson, property taxes represent approximately 0.9% of the median household income of $57,035, providing context for the relative tax burden on homeowners in this area.

South Carolina reassesses all properties countywide every 5 years without regard to purchase price — your assessment can increase substantially at the next revaluation cycle. Chesterfield County provides a Homestead Exemption ($50,000 off assessed value for owner-occupied homes, income-capped) and Senior Citizens Exemption; apply with the Chesterfield County Assessor to reduce your taxable value. File your homestead exemption claim with the Chesterfield County Assessor within 30 days of purchase and verify receipt before the next scheduled countywide revaluation.