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.

Point of Sale Tax

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.  McNair Law Firm put together this synopsis for Tax Break 2011 for 2nd Homes, Rental Homes and Lots.  We would love to help you find a great rental property, second home or lot this fall.  If you would like to plan a fall visit to pick out a second home or lot, please click here for some great fall getaway packages on Hilton Head Island.  Thank you.