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HomeHILTON HEAD PLANTATION REAL ESTATE TAX--6%...

HILTON HEAD PLANTATION REAL ESTATE TAX--6% OR 4%--WHICH ONE FOR ME?

Let's face it--we all know that money doesn't grow on trees---especially these days! And when it comes to our local Real Estate Taxes, if you're like me, you want to save every penny possible. I continue to be amazed at how many folks just aren't aware how our real estate taxes are levied and what options are available to residents. Here's how it works--Very simple, indeed:

IF YOU ARE A FULL-TIME RESIDENT, YOU ARE ELIGIBLE FOR THE 4% ASSESSMENT VERSUS THE 6% ASSESSMENT FOR OUT OF STATE OWNERS. AMAZINGLY, THIS RESULTS IN A 33 1/3% REDUCTION IN YOUR ANNUAL TAX BILL WHICH IS REALLY SIGNIFICANT.

Visit the Beaufort County Website to find more information. Or you can simply place a phone call to the County Assessor's Office at 843-525-7295 to register for your full-time resident's status.

It's definitely worth the effort---Why not take the money saved and put it in your vacation fund?

FOR INFORMATION ABOUT HILTON HEAD OR BLUFFTON, SC REAL ESTATE, PLEASE VISIT MY WEBSITE.

Posted Sunday Jul 13
(07/14/08 12:21AM) — Chuck Willman, Arizona Realtor®, ABR, TRC

hmmmmm... I wonder if this idea is going to catch on around the country. My guess is yes.

(07/14/08 05:58AM) — Diane Bell, Hilton Head Real Estate, Bluffton

Chuck,


I'm not sure how prevalent this is in other states.  I do know that in Florida and South Carolina, this is the case,

(07/14/08 06:49AM) — GITA BANTWAL, REALTOR BUCKS COUNTY, PA HOMES

This is great information for residents .Hope they know about it.

(07/14/08 06:57AM) — Diane Bell, Hilton Head Real Estate, Bluffton

Gita,


I think that most residents are aware but newcomers to the Plantation need to be educated to the option.  Thanks for your comment.

(07/15/08 09:39PM) — Scott

Oh, you can count that all of us absentee owners with second homes down there know about this discrepancy. And I'm counting down the years until I move there and then can be smug in the fact that all the vacation owners are then subsidizing my reduced taxes!


Until then, I resent the fact that of this taxation without representation - they tax us higher only because they know we can't vote. And to boot, we use less of the infrastructure paid for by taxes than residents, not more!

(07/16/08 06:07AM) — Diane Bell, Hilton Head Real Estate, Bluffton

Scott,


And to make matters worse, you don't even use the school systems!  I totally agree with you.  I have the same situation in Florida and pay through the nose for never being there or using the services.  It really is very unfair to say the least.  Thanks for stopping by and commenting on my blog.  Hope you move here real soon!!!

(07/21/08 11:15AM) — Chris Ann Cleland, GRI

Diane:  What greaat information to give to your readers!  That's a big difference.  I would never have thought such a discrepancy existed between in-state owners and out-of-state.

(07/21/08 01:37PM) — Diane Bell, Hilton Head Real Estate, Bluffton

Chris,


Yes, that's the way we do it here in Hilton Head.  Florida is the same way because I get stuck with the 6% there.  Thanks for stopping by and commenting.

(07/22/08 01:51PM) — Scott

Well, I'm cringing at all the typos in my last post, but I wanted to say I enjoy your blog, keep it up. I hope to move (with my wife, she won't have it any other way) down in the next 6 to 8 years. I do have a great relationship with a broker already there. (Have bought and sold villas since 2003 - my timing is fortunate, no?)


Someone actually told me, trying to justify the whole tax thing, that my short term renters put more burden on the infrastructure than residents, hence the tax discrepency. When I pressed as to how this was, when trash pickup was a private enterprise I paid for separately, and when I pay a renter's surcharge on water, etc. etc. they had to give up on that explanation.


Again, I can't wait for second home owners and investors to subsidize my taxes once I move there!


Scott


" And to make matters worse, you don't even use the school systems!  I totally agree with you.  I have the same situation in Florida and pay through the nose for never being there or using the services.  It really is very unfair to say the least.  Thanks for stopping by and commenting on my blog.  Hope you move here real soon!!! "

(07/22/08 06:49PM) — Diane Bell, Hilton Head Real Estate, Bluffton

Scott,


I hope you make it to Hilton Head sooner than your plan indicates.  I still pinch myself when I cross over the bridge.....it's an awesome view.

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