About the 2025 Property Reassessment

Georgetown County is required by state law to update property values every five years (a one-year extension is allowed by county ordinance). This process is called reassessment, and it helps make sure property taxes are fair for everyone.

Key things to know:

• Reassessment is not a new tax and it does not increase county revenue.
• Your reassessment notice is not a tax bill — bills will arrive later this fall.
• By law, most property values can’t rise more than 15% over five years unless the property is sold or improved.
• If you disagree with your new value, you’ll have 90 days from the date of your notice to file an appeal.

During a countywide reassessment, all real property within the county is reappraised using the comparable sales from the fourth year to establish market values for real estate property. Properties are compared to similar properties that were sold in the previous calendar year. This information is used in a mass appraisal format with considerations made for age, size, condition, location, and other elements that affect the value of real property.

Increases Are Limited

S.C. Code 12-37-3140(B) states that any increase in the fair market value due to reassessment is limited to 15% within a five-year period, unless there was a change to the property.

This taxable limit is referred to as "the cap." If your property is "capped," there are two values shown on the reassessment notice: the Total Market Value, and the Total Taxable Capped Value.

Impact to the Taxpayer

There will be little to no impact on the taxpayer, because the County is required to "roll back" millages by the percentage increase in value of property countywide as directed by S.C. Code 12-37-251.  

Reassessment Process