Buying Rental Property In Hilton Head File

If you are looking to buy rental property in Hilton Head , the most useful "feature" is actually a specific financial hurdle: .

While primary residents in Beaufort County pay a 4% property tax rate, any property used as a second home or rental is automatically taxed at a . This represents a 50% increase in taxable value . Furthermore, non-resident (6%) properties are subject to additional school operating taxes that primary residents (4%) are exempt from, which can add thousands of dollars to your annual overhead. Key Investment Features to Track Short-Term Rental Permit - Town of Hilton Head Island buying rental property in hilton head