2 minute read

A Guide To Hilton Head Area Real Estate, Rentals & Lifestyle &Real Estate

Next Article
to Sell!

to Sell!

HILT ON HEAD, BLUFFT ON, OKATIE AREA

Includes tax districts and current millage rates

Island Information

Hilton Head Island Taxes

REAL ESTATE AND PERSONAL PROPERTY TAX

There are many tax districts in Beaufort County each with a corresponding tax rate. The map above will guide to for the local area.

REAL ESTATE TAX AT PURCHASE

When you purchase real estate the county will use the purchase value to calculate the taxes due. This will be reduced to 4% of the purchase if you are to reside in the property and 6% if you use it for any other purpose. The result will then be subject to the millage for your district.

REAL ESTATE TAX AFTER PURCHASE

The county uses an assessed value, determined by them, to calculate continuing real estate taxes. This is also reduced to 4% for residents or 6% for nonresidents. That number is multiplied by the corresponding millage rate to determine the amount of taxes. Resident millage rate is lower than nonresidents as residents do not pay that portion of the millage relating to school operations.

IF YOU ARE OVER 65

One-year residents, or more, who are over 64, or blind, or have a disability may reduce their assessed value of their primary residence by $50,000 before reducing the assessed value to 4%.

AN EXAMPLE

Purchase Price = $300,000 X 4 or 6 percent X the millage rate shown on the map above for your district = taxes due. 300,000 X 4% (resident) = 12,000 X .102 millage rate in Hilton Head Plantation = $1,224 in taxes due.

Remember, the information here is general in nature. If you have specific questions about your personal taxes you should check with the Country Auditor (843 255 2500), the Tax Assessor’s Office (843 255 2400) or your personal accountant.

Sliding Scale Of Sc State Tax Rate For Personal Income

Would you like to receive our monthly email with links to Lowcountry Living & Real Estate Magazine Online? yes____ no_____

Name Phone email

Address City State Zip

Date you filled out and mailed it? month year

Have you been to Hilton Head before? month year How many times?

When do you plan your next trip to the area? (Approximately) month year

Are you working seriously with a Realtor in the area? yes no If yes, who?

How would you characterize your interest in real estate in the area? very interested interested somewhat interested not interested

What type of property are you interested in? (Choose more than one if applicable) house condo lot commercial

What will you use the property for? (Choose more than one if applicable) rental vacation retirement second home

What location do you have in mind? near the golf course near beach oceanfront near tennis other specify

What price range are you considering? ______Under $300,000 $300,001 to $500,000 $500,001 to $750,000 $750,001 to $1,000,000 $1,000,001 to $3,000,000 $3,000,001 Plus

Approximate date you plan to purchase property in the area? month year Your

Which issue of Lowcountry Living & Real Estate Magazine do you currently have? month_______________ year__________ home mortgage information professional Realtor bank services rentals

How did you get it?

What services would help you in your decision making process?

CD’s & savings accounts financial planning custom home builder appraisals architect interior designer exterminators/pest control

What area within Hilton Head/Bluffton/Okatie are you most interested in? (choose more than one if applicable)

Alston Park

Beaufort & Islands

Belfair

Berkeley Hall

Bloody Point

Bluffton

Callawassie Island Carolina Isles

Colleton River

Daufuskie Island

Edgewater

Eagles Point/The

Crescent

Forest Beach

Fripp Island

Haig Point

Hampton Hall

Hampton Lake Hampton Pointe

Hilton Head Lakes Hilton Head Plantation

Indigo Run Jarvis Creek Lawton Station

Long Cove Club o Yes, I want $150,000,000 worth of real estate in the Hilton Head area delivered to my house in the pages of Lowcountry Living & Real Estate Magazine for the next 12 months. Enclosed is my check for $40 made out to Media Solutions 360 LLC. o YES, $20.00 enclosed for 6 months subscription. o OR $12.00 for 3 months. Foreign addresses outside the United States, including APOs, please call for cost. *Price is subject to change.

This article is from: