|
Approximation of Purchase Expenses to Buyer
| Attorney's
Fees |
$550
- $775
|
| Appraisal
(if required by lender) |
$500
- $650
|
| Survey
(if required by lender - includes elevation) |
$895
|
| Home
Inspection Fee (House / Villa) |
$500
- $600
|
| Re-inspection
Fee (if necessary) |
$75
- $150
|
| Credit
Report (Financial Institution) |
$50
& Up
|
| Recording
Fees (Mortgage / Deed) |
$10
- $30
|
| Abstract
of Title |
$285
|
| Title
Insurance (if required by lender) |
Example:
Property $750,000 - $1,620 + 75
|
| Binder |
$75
|
| Hilton
Head Island Transfer Fee*** |
1/4
of 1% of purchase price
|
***These
funds are used for maintaining the beauty of the
Island and purchasing land for public vs. developer use. |
| Miscellaneous
expenses: |
May
include overnight postage fees (UPS, Fed Ex, etc),
long distance calls, copying costs, etc. |
| Please
note: |
Fees
are approximate and vary by attorney, appraiser, inspector,
etc.
All prices are subject to change. |
Plantation / Community Property Owner Association Annual Fees
2007
|
Improved
|
Unimproved
|
| Allenwood |
$600.00
|
N/A
|
| Ashton
Cove |
$880.00
|
$880.00
|
| Baynard
Park |
$1,500.00
|
N/A
|
| Belfair |
$10,606.00
|
$10,606.00
|
| Berkeley
Hall |
$12,500.00
|
$12,500.00
|
| Bloody
Point |
$1,200,00
|
$1,000.00
|
| Bull
Point |
$2,360.00
|
$2,360.00
|
| Callawassie |
$1,050.00
|
$1,050.00
|
| Cedar
Lake |
$1,200.00
|
$1,200.00
|
| Chinaberry
Ridge |
$423.00
|
$423.00
|
| Colleton
River |
$10,670.00
|
$10,670.00
|
| Crosswinds |
$1,130.00
|
$1,130.00
|
| Dataw
Island |
$1,463.00
|
$1,463.00
|
| Eagle's
Pointe |
$885.00
|
N/A
|
| Edgefield |
$431.20
|
N/A
|
| Haig
Point |
$4,840.00
|
$4,840.00
|
| Hampton
Hall |
$2,826.00
|
$2,261.00
|
| Heritage
at New Riverside |
$220.00/month
|
N/A
|
| Heritage
Lakes |
$480.00
|
N/A
|
| Hidden
Lakes |
$533.00
|
$533.00
|
| Hilton
Head Plantation |
$921.00
|
$553.00
|
| Indigo
Run - Golden Bear |
$1,088.00
|
$925.00
|
| Indigo
Run - Golf Club |
$1,746.00
|
$1,592.10
|
| Indigo
Run - River Club |
$3,347.00
|
$3,193.00
|
| Indigo
Run - Berwick Green |
$1,088.00
|
$925.00
|
| Island
West |
$1,048.15
|
$1,048.15
|
| Lake
Linden |
$488.00
|
$488.00
|
| Leamington
- Condo |
$333.00
|
N/A
|
| Leamington
- Res & Lot |
$1,414.00
|
$1,414.00
|
| Long
Cove Club |
$8,506.00
|
$8,506.00
|
| Martins
Place |
$300.00
|
$300.00
|
| May
River Plantation |
$700.00
|
$700.00
|
| Meadowbrook |
$450.00
|
$450.00
|
| Melrose
Plantation |
$700.00
|
$525.00
|
| Moss
Creek Plantation |
$3,600.00
|
$2,793.00
|
| Oldfield |
$1,900.00
|
$1,650.00
|
| Old
Woodlands |
$300.00
|
N/A
|
| Palmetto
Dunes |
$1,085.00
|
$1,085.00
|
| Palmetto
Hall Plantation |
$790.00
|
$592.50
|
| Parkside
at Baynard Park |
$900.00
|
N/A
|
| Pinecrest |
$800.00
|
$800.00
|
| Pine
Ridge |
$400.00
|
$400.00
|
| Port
Royal Plantation |
$938.00
|
$797.00
|
| Riverbend |
$1,445.00
|
$1,445.00
|
| Rose
Dhu Creek |
$1,170.00
|
$1,170.00
|
| Rose
Hill Plantation |
$1,078.00
|
$719.00
|
| Sea
Pines Plantation |
$857.00
|
$484.00
|
| Shelter
Cove |
$620.00
|
N/A
|
| Shipyard
Plantation |
$700.00
|
$700.00
|
| Singleton
Beach |
$2,500.00
|
N/A
|
| Singleton
by the Beach |
$1,574.38
|
$1,574.38
|
| Spanish
Wells Plantation |
$1,180.00
|
$755.00
|
| Spring
Island |
$3,225.00
|
$3,225.00
|
| Sun
City |
$1,545.00
|
$1,545.00
|
| The
Crescent |
$1,000.00
|
$1,000.00
|
| The
Farm |
$479.16
|
N/A
|
| The
Paddocks |
$1,150.00
|
$1,150.00
|
| Timbercrest |
$800.00
|
$800.00
|
| Traditions |
$840.00
|
$840.00
|
| University
Park |
$1,089.00
|
N/A
|
| Village
at Old Town |
$380.00
|
N/A
|
| Village
at Verdier Plantation |
$150.00/month
|
$100.00/month
|
| Wellstone
at Bluffton |
$872.00
|
N/A
|
| Westbury
Park |
$1,435.00
|
$1,435.00
|
| Wexford
Plantation |
$9,385.00
|
$9,385.00
|
| Windmill
Harbour |
$2,200.00
|
$1,100.00
|
| Windmill
Harbour - Marina |
$550.00
- Boatslip
|
MOA
fee by size $857.44, $1286.24 or $1,714.86
|
| Woodbridge |
$480.00
|
N/A
|
| Yacht
Cove |
$450.00
|
$225.00
|
These
fees are subject to change without notification due to unforeseen
expenses to the associations.
The Beaufort
County Tax Assessor places an "Appraised Value"
on your real estate, based upon comparable sales, the property's
age, location, condition, etc. This appraised value is then
multiplied by 4% for residents (6% for non-residents and corporations),
to determine the "Assessed Value" of a property.
The assessed value is then multiplied by the millage rate
for your district. A $400,000 resident home, for example,
has an assessed value of $16,000 ($400,000 X 4%). That $16,000
is then multiplied by the current millage rate which, in Hilton
Head district 550, is .1651. The 2006 property tax for that
home would be $2,642.
South Carolina
has a personal property tax on automobiles, recreational vehicles,
airplanes and boats based on an assessed value of 10.5 percent
of total purchase price. The assessed value is then multiplied
by the appropriate millage rate of the district in which the
taxpayer resides.
Exemptions, adjustments and deductions allowed on a federal
income tax return are allowed on a state return. A person's
federal taxable income is the starting point to determine
South Carolina state income tax liability. The following chart
shows the sliding scale of South Carolina's tax rate for personal
income:
- Two
percent (2%) on the first $2,000
- Three
percent (3%) on the next $2,000
- Four
percent (4%) on the next $2,000
- Five
percent (5%) on the next $2,000
- Six
percent (6%) on the next $2,000
- Seven
percent (7%) on the next $10,000
|
South Carolina
has a five percent sales tax. Persons 85 years or older pay
only 4 percent sales tax. There is a state-wide accommodations
tax of 2 percent. A maximum of $300 is imposed on purchases
of motor vehicles, boats and leased vehicles. Hilton Head Island
imposes a 3 percent tax.
Estates worth
$1,000,000 or less are exempt from estate tax in South Carolina. |
|
