Hilton Head Real Estate Taxes

When purchasing Hilton Head Island Real Estate it helps to have an understanding of how the Hilton Head Island Real Estate Taxes are figured. Hilton Head Island is located in Beaufort County, SC. The Beaufort County Tax Assessor places an appraised value on your Hilton Head Island Real Estate, based on comparable sales, the property's condition, etc. This appraised value is then multiplied by 4% for residents and 6% for non-residents and corporations, to determine the 'assessed value' of a property. The assessed value is then multiplied by the appropriate millage rate for your district. Residents that qualify for the 4% tax ratio are exempt from taxes imposed for school operating expenses. Therefore, the millage rates differ for non-residents and residents. For example: A resident with a $100,000 home in district 550 is $100,000 multiplied by 4% and then multiplied by .0935 ($4,000 x .0935 = $374). For a non-resident multiply $100,000 by 6% and multiply that number by .1973 ($6,000 x .1973 = $1,162.20). It is important to remember that the information provided here is general in nature; if you have specific questions about your personal tax situation, you should check with:

County Auditor's Office in Beaufort
843.470.2555
Tax Assessor's Office
843.470.2522
www.bcgov.net
www.sctax.org
Or check with your personal accountant