If you have purchased a second home, lot or rental property in the Hilton Head Area (or are thinking about it), you are in for a break. Governor Nikki Haley signed in a bill this week that will encourage investors back into the Hilton Head Island Real Estate Market. This bill will give home site owners and second home owners the opportunity to pay 25 percent less in property taxes or the fair market value in taxes on the property, instead of paying taxes on the sale price of the property. This point of sale tax is retroactive for all purchases since the beginning of the year and is a huge win for buyers looking in the Hilton Head Area and throughout South Carolina. If you would like to plan a fall visit to pick out a second home or lot, please click here.
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