Taxes & Insurance in Georgetown
Georgetown carries a real, comparatively lower Georgetown County sales-tax floor than Horry County, South Carolina's current two-bracket income tax, and real coastal/port-city homeowners-insurance exposure.
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Learn moreGeorgetown County's lower sales-tax floor
Georgetown County's minimum combined sales tax rate is cited at 7% -- lower than Horry County's 8% minimum documented elsewhere in this dataset's Grand Strand batch.
Property tax: a real, favorable owner-occupied assessment ratio, plus a recent city millage adjustment
South Carolina assesses owner-occupied primary residences at 4% of value versus 6% for non-owner-occupied property. Georgetown County's millage varies by district, cited in a broad 200-280 mill range; the City of Georgetown separately approved a millage adjustment ordinance with a rollback in October 2025 per local news reporting -- confirm the current city-specific millage directly, as a precise current figure was not independently confirmed to exact precision this session.
South Carolina's two-bracket income tax
Act 110 (signed March 30, 2026) set South Carolina's income tax at 1.99% on the first $30,000 of SC taxable income and 5.21% above that, effective tax year 2026. Social Security is fully exempt; the age-65 and retirement-income deductions are coordinated for a combined $15,000 maximum.
Real coastal and port-city insurance exposure
Georgetown sits on Winyah Bay with real coastal/riverine flood exposure as a historic port city, consistent with South Carolina's above-average statewide homeowners insurance costs -- confirm current flood-zone status and premium estimates directly, particularly for waterfront or historic-district property.
Key takeaways
- Georgetown County's 7% minimum combined sales tax runs lower than Horry County's 8% documented elsewhere in this batch.
- South Carolina's 4% owner-occupied property assessment ratio applies, with a recent City of Georgetown millage adjustment (October 2025) worth confirming directly.
- South Carolina's two-bracket income tax (2026): 1.99% under $30,000 taxable income, 5.21% above.
- Real coastal/port-city flood and insurance exposure applies given Winyah Bay proximity -- confirm current premiums and flood-zone status directly.
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