Property Taxes in Great Falls, South Carolina
Median Great Falls, South Carolina effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, and higher than the South Carolina state median of 0.66%.
Median Great Falls, South Carolina home value: $49,030
Median annual Great Falls, South Carolina tax bill: $428, lower than the national median property tax bill of $2,400.
How are property taxes in Fairfield calculated?
Property taxes in Great Falls, South Carolina 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 Great Falls's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Great Falls, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Great Falls Property Tax Calculator Work?
Use this Great Falls property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Great Falls' median effective tax rate of 0.72% — based on actual property records in Fairfield County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Great Falls' median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Great Falls: rates range from 0.72% in 29055 to 0.72% in 29055, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Great Falls.
About Great Falls Property Taxes
About Property Taxes in Great Falls, Fairfield, SC
Great Falls's median effective property tax rate of 0.72% is lower than the SC state median of 0.66% and lower than the national median of 1.02%. This rate reflects the Fairfield County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Great Falls. Homeowners in the 29055 ZIP code carry a median effective rate of 0.72%, while those in 29055 pay 0.72%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Fairfield County. Understanding which part of Great Falls you live in can make a meaningful difference to your annual tax bill.
Great Falls homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the January 15, 2027 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Great Falls, Fairfield County, South Carolina
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county 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 Great Falls's effective property tax rate to other cities in South Carolina and the median property tax rates in South Carolina and the U.S.
Property Tax Rates Across Great Falls, Fairfield County, South Carolina
Source: Ownwell
0.61%
0.67%
0.73%
Our median effective property tax rate (tax bill Ă· 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 Great Falls Tax Rate
0.72%
Our median effective property tax rate (tax bill Ă· 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 Fairfield County Tax Rate
0.72%
Median Effective South Carolina Tax Rate
0.66%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Great Falls, Fairfield County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29055 | 0.25% | 0.54% | 0.72% | 2.36% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Great Falls, Fairfield County, South Carolina
When examining property taxes in Great Falls, South Carolina, 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 Fairfield County assessment 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.
Assessment notices:
In Fairfield County, assessment notices are sent in October each year. They'll typically reach your mailbox by the middle of October.
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 Great Falls.
For example, the median home price in Great Falls is $49,030, with tax bills ranging significantly across the county. 29055 has the highest median home price at $49,030.
Property Tax Assessment Values Across Great Falls, Fairfield County, South Carolina
Source: Ownwell
$35,350
$154,625
$273,900
Median Great Falls Market Value
$49,030
Median Fairfield County Market Value
$59,200
Median South Carolina Market Value
$188,850
Median United States Market Value
$274,101
Property Tax Assessment Values Across Great Falls, Fairfield County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29055 | $4,430 | $22,175 | $49,030 | $87,500 | $189,050 |
Source: Ownwell
Property Tax Bills Across Great Falls, Fairfield County, South Carolina
Great Falls property tax bills are based on the assessed value of a home and the local tax rate set by Fairfield County and other taxing authorities. The bill is calculated by applying the tax rate to the home’s assessed value, which is influenced by the market value of the property. For a home with a median value of $49,030, the median tax bill in the area is $428.00.
Property taxes affect homeowners by adding an ongoing cost to owning a home, and that cost can vary widely depending on the property’s value and location. In Great Falls, tax bills can range from $153 at the 25th percentile to $1,013 at the 75th percentile, with the 90th percentile reaching $1,588. That means two homes in the same city can face very different tax burdens even before considering exemptions or appeals.
Property Tax Bills Across Great Falls, Fairfield County, South Carolina
Source: Ownwell
$358
$1,100
$1,842
Median Great Falls Tax Bill
$428
Median Fairfield County Tax Bill
$760
Median South Carolina Tax Bill
$1,227
Median United States Tax Bill
$3,209
Property Tax Bills Across Great Falls, Fairfield County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29055 | $56 | $153 | $428 | $1,013 | $1,588 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | December 30 |
Links | |
|---|---|
| Fairfield Tax Assessor | |
| Website | qpublic.net |