Murrells Inlet, Georgetown County, South Carolina Property Taxes
Median Murrells Inlet, SC effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Murrells Inlet, SC home value: $220,200
Median annual Murrells Inlet, SC tax bill: $1,620, $780 lower than the national median property tax bill of $2,400.
How are property taxes in Georgetown calculated?
Property taxes in Murrells Inlet, 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 Murrells Inlet’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Murrells Inlet, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Murrells Inlet, Georgetown County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.59%
Estimate Property Tax Bill
$1,347
$1,250
Property Tax Rates Across Murrells Inlet, Georgetown County, South Carolina
Local government entities determine tax rates, leading to significant variations within a state. Each year, counties estimate the budget needed for public services and divide that by the total value of all taxable properties in their area. This calculation produces the property tax rate. Although votes and regulations play a role in setting these rates and budgets, this is the core process followed annually.
Comparing Murrells Inlet’s effective property tax rate with other cities in South Carolina and the national median offers insight into the local tax landscape. Murrells Inlet, located in Georgetown County, has a median property tax rate of 0.59%. This rate is notably below the national median of 1.02%, reflecting a more favorable tax environment for property owners. While the U.S. median property tax bill is $2,400, Murrells Inlet residents benefit from relatively lower tax obligations. Understanding these differences can help property owners make informed decisions about appealing their property taxes and exploring potential exemptions.
Property Tax Rates Across Murrells Inlet, Georgetown County, South Carolina
Source: Ownwell
0.53%
0.85%
1.17%
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 Murrells Inlet Tax Rate
0.59%
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 Georgetown County Tax Rate
0.75%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Murrells Inlet, Georgetown County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29576 | 0.47% | 0.51% | 0.59% | 1.61% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Murrells Inlet, Georgetown County, South Carolina
When examining property taxes in Murrells Inlet, 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 Georgetown County Assessor's Office 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 Georgetown County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Murrells Inlet. For example, the median home price in Murrells Inlet is $220,200, with tax bills ranging significantly across the county. Zip code 29576 has the highest median home price at $220,200.
Property Tax Assessment Values Across Murrells Inlet, Georgetown County, South Carolina
Source: Ownwell
$41,200
$176,450
$311,700
Median Murrells Inlet Market Value
$228,350
Median Georgetown County Market Value
$160,000
Median South Carolina Market Value
$188,850
Median United States Market Value
$235,294
Property Tax Assessment Values Across Murrells Inlet, Georgetown County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29576 | $34,410 | $115,000 | $228,350 | $375,000 | $624,380 |
Source: Ownwell
Property Tax Bills Across Murrells Inlet, Georgetown County, South Carolina
Property Tax Bills Across Murrells Inlet, Georgetown County, South Carolina
Source: Ownwell
$310
$1,195
$2,080
Median Murrells Inlet Tax Bill
$1,746
Median Georgetown County Tax Bill
$1,275
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Murrells Inlet, Georgetown County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29576 | $340 | $922 | $1,746 | $2,912 | $5,658 |
Source: Ownwell