How much are the real estate taxes?
BREAKING NEWS: Citizens' Guide: Beaufort County Reassessment Program 2013
Prior to reassessment...
Because of homesteading type laws, your can roughly estimate your property taxes:
- Primary residences are taxed around ½% of purchase price.¹
- Non-primary residences are taxed around 1¼% of purchase price.¹
While you'll pay real estate taxes for the remainder of the calendar year based upon the amount the seller was taxed, all real estate tax rates reset upon sale. and the previous assessment becomes virtually irrelevant the following year.
Currently, when you purchase your Hilton Head real estate or Bluffton SC homes for sale, the county assessor can raise the assessed value of your home to the current sales price (point of sale assessment).
For primary residencies who apply for and are granted the reduced primary home rate, 0.5% of the home sales value is a very rough estimate¹ of your real property taxes in the year following purchase, depending upon the millage rate² in your specific locality.
For most other real estate, 1¼%+ of the home sales value is a very rough estimate¹ of your real property taxes in the year following purchase, again depending upon the millage rate² in your specific locality. Additionally, if you rent out the property, you will pay personal property tax based on the value of the contents & furnishings, and depreciation is allowed.
Find instructions on how to calculate how much your real estate taxes will be and additional information by clicking on the following links: (opens in new tab)
- ¹Explanation of the point of sale assessment
- ²Current Beaufort County Millage Rates & Information
- Estimated Millage Effects Calculator
- Further homestead exemption for those aged at least sixty-five years, blind, or disabled
- Reassessment Information
(Please let us know if any of these links go bad so we can update them for you. Beaufort County randomly changes their website links and these are often made invalid. Thanks!)
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