Hilton Head Tax Bill

By
Real Estate Agent with Sea Pines Real Estate - South Beach 754002792

Yesterday there was a bill discussed by a state legislative panel that could change the way counties collect property taxes after a sale.

Beaufort County's legislative delegation in the state House of Representatives is behind the bill to change the "point-of-sale" provision, which taxes property at its sales price in the year that it is sold. Under the bill, counties would still reassess purchased properties based on their sales prices, but new tax values wouldn't kick in until a regular countywide reassessment occurs. Beaufort County's reassessment is scheduled for this year.

The bill is still before a Ways and Means subcommittee, which discussed but did not vote on it Wednesday.

Comments (0)