The Medicare Tax is a 3.8% tax that goes into effect January 1, 2013 and it does not apply to all Hilton Head owners.  Only “high income” owners with Adjusted Gross Incomes(AGI) of more than $200,000 for individuals or more than $250,000 for married couples will have to deal with this new tax. As well, it does not apply to principle residences under $500,000 held jointly or $250,000 for a single.  We suggest checking with your financial counselors to see if it is beneficial to sell before this new tax is put into place.  The reason it is called a Medicare Tax is that this money will be allocated to the Medicare Trust Fund that is part of the Social Security System.

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Hilton Head Island Villa buyers just want to have fun.  Their motivation is 80% emotion and 20% logic when it comes to a buying on Hilton Head.  Of course, the logical reasons must support the emotion, but don’t waste their time with fixer uppers. These lock and leave owners live in faraway places and let “regime” managers handle the exterior maintenance, the landscaping, the pool, the common area improvements, the trash and the bill paying.  These Hilton Head buyers fall in love with the Spanish Moss and Moon Beams. Read the rest of this entry