29835 Property Tax Rate

Property owners in ZIP code 29835 (Mc Cormick, South Carolina) pay a median of $1,251/year in property taxes on homes valued at $195,300. This translates to an effective tax rate of 0.64%, which is 18% above the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29835 is approximately $104, which factors into escrow payments on mortgages. This ZIP code is located within McCormick County. This is $216 more than the South Carolina average of $1,035/year.

Compared to similar ZIP codes in South Carolina, 29835 has higher property taxes. ZIP codes with similar effective rates include 29596 (0.64%) and 29303 (0.64%).

In Mc Cormick, property taxes represent approximately 2.3% of the median household income of $54,478, providing context for the relative tax burden on homeowners in this area.

South Carolina has no reassessment cap; McCormick County will reassess your property at fair market value when you acquire it. McCormick County residents qualify for a $50,000 Homestead Exemption on owner-occupied primary residences — submit your application to the McCormick County Assessor right after closing to lower your taxable assessed base. Provide proof of primary occupancy with your exemption filing.