29928 Property Tax Rate

Property owners in ZIP code 29928 (Hilton Head Island, South Carolina) pay a median of $3,592/year in property taxes on homes valued at $776,600. This translates to an effective tax rate of 0.46%, which is 15% below the South Carolina state average of 0.54%.

The monthly property tax burden for a median-valued home in 29928 is approximately $299, which factors into escrow payments on mortgages. This ZIP code is located within Beaufort County. This is $2,557 more than the South Carolina average of $1,035/year.

Compared to similar ZIP codes in South Carolina, 29928 has higher property taxes. ZIP codes with similar effective rates include 29541 (0.46%) and 29536 (0.46%).

In Hilton Head Island, property taxes represent approximately 3.7% of the median household income of $97,979, providing context for the relative tax burden on homeowners in this area.

South Carolina imposes no reassessment cap; Beaufort County will reset your assessed value to market value at purchase. Beaufort County offers a $50,000 Homestead Exemption for primary residences — file your exemption claim with the Beaufort County Assessor within 30 days of closing to shield a portion of your home's value from taxation. Request a new assessment estimate reflecting the exemption.