Hilton Head Realtors have been rallying for the Point of Sale tax reform. On Monday Governor Nikki Haley ceremoniously signed the new property tax break into law. This bill will allow businesses and second home owners the opportunity to pay 25 % 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.
With the great prices on Hilton Head Real Estate, a continuance of low interest rates and this new property tax reform, now is definitely a great time to buy. Call me today to discuss or start your smart search today. Being a Hilton Head Realtor and a State Director for South Carolina Realtors, I am proud that these efforts have paid off for second home and rental property owners.
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