Myrtle Beach, Horry County, South Carolina Property Taxes
Median Myrtle Beach, SC effective property tax rate: 1.03%, slightly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Myrtle Beach, SC home value: $169,740
Median annual Myrtle Beach, SC tax bill: $1,301, $1,099 lower than the national median property tax bill of $2,400.
How are property taxes in Horry calculated?
Property taxes in Myrtle Beach, SC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Myrtle Beach’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Myrtle Beach, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Myrtle Beach, Horry County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.03%
Estimate Property Tax Bill
$1,748
$1,622
Property Tax Rates Across Myrtle Beach, Horry County, South Carolina
Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Myrtle Beach’s effective property tax rate to other cities in South Carolina and the median property tax rates in South Carolina and the U.S.
Myrtle Beach, located in Horry County, offers an intriguing case study in property tax rates. While the national median property tax rate stands at 1.02%, Myrtle Beach's effective tax rate is influenced by its local government’s budgetary requirements. This results in a property tax rate that reflects the unique economic and service needs of the area. Comparing Myrtle Beach to other regions in South Carolina, you’ll find a diverse range of tax rates. Whether you're a homeowner or prospective buyer, understanding these differences is crucial for making informed financial decisions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Myrtle Beach Tax Rate
1.03%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Horry County Tax Rate
0.81%
Median Effective South Carolina Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Myrtle Beach, Horry County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29572 | 0.36% | 0.95% | 1.35% | 1.64% | 2.27% |
| 29575 | 0.33% | 0.42% | 1.08% | 1.37% | 2.05% |
| 29577 | 0.32% | 0.38% | 1.39% | 1.64% | 2.41% |
| 29579 | 0.33% | 0.38% | 0.45% | 1.33% | 1.86% |
| 29588 | 0.31% | 0.37% | 0.44% | 1.22% | 1.49% |
| 29578 | N/A | N/A | N/A | N/A | N/A |
| 29582 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Myrtle Beach, Horry County, South Carolina
When examining property taxes in Myrtle Beach, SC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Horry County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Horry County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Myrtle Beach. For example, the median home price in Myrtle Beach is $169,740, with tax bills ranging significantly across the county. Zip code 29579 has the highest median home price at $204,890.
Property Tax Assessment Values Across Myrtle Beach, Horry County, South Carolina
Source: Ownwell
$77,000
$163,560
$250,120
Median Myrtle Beach Market Value
$169,740
Median Horry County Market Value
$160,000
Median South Carolina Market Value
$140,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Myrtle Beach, Horry County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29572 | $74,100 | $103,000 | $165,000 | $308,600 | $515,000 |
| 29575 | $59,000 | $86,500 | $147,680 | $237,375 | $315,345 |
| 29577 | $58,000 | $87,100 | $137,000 | $243,300 | $347,912 |
| 29579 | $84,000 | $128,000 | $204,890 | $292,668 | $436,655 |
| 29588 | $51,000 | $115,000 | $178,575 | $226,350 | $293,274 |
| 29578 | N/A | N/A | N/A | N/A | N/A |
| 29582 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Myrtle Beach, Horry County, South Carolina
Median Myrtle Beach Tax Bill
$1,301
Median Horry County Tax Bill
$1,084
Median South Carolina Tax Bill
$1,086
Median United States Tax Bill
$2,400
Property Tax Bills Across Myrtle Beach, Horry County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29572 | $650 | $1,293 | $2,099 | $3,393 | $5,180 |
| 29575 | $419 | $749 | $1,183 | $2,035 | $3,628 |
| 29577 | $394 | $837 | $1,524 | $2,582 | $4,248 |
| 29579 | $545 | $811 | $1,254 | $2,089 | $3,509 |
| 29588 | $344 | $607 | $876 | $1,418 | $2,619 |
| 29578 | N/A | N/A | N/A | N/A | N/A |
| 29582 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell