Do You Want Your Property Sold Too? Call The Huntley Clisham Group Today! 27 Bayley Point Ln
47 River Road
27 & 29 New Orleans Rd
HiltonHeadPlantation|Marsh/SoundLot
Daufuskie Island | River/Marsh Lot
Two Hilton Head Commercial Lots
406 Golfmaster Villas
45 Hearthwood Dr
UNDER CONTRACT
UNDER CONTRACT
Shipyard | Ocean-Oriented
UNDER CONTRACT
Sea Pines | Tidal Creek Views
Succesfully Brought the Buyer
$329,900
$599,900
$249,900
$1,695,000
525 Carolina Beach Club
$679,000
Sonny Huntley
David Clisham
SonnyHuntley@ CharterOneRealty
DavidClisham@ CharterOneRealty
843.816.1618 www.HuntleyClishamGroup.com
$375,000 EACH
843.683.6164
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.
Resident millage rate is lower than nonresidents as residents do not pay that portion of the millage relating to school operations.
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.
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%.
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. 46
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 2.5% on the first $2,530 3% on the next $2,530 4% on the next $2,530 5% on the next $2,530 6% on the next $2,530 7% on $12,650+