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We are looking at purchasing a 2nd home in Hilton head in the 350-500K price range, and many of the single family homes in our range are in Port Royal, Hilton Head Planation, and Moss Creek (which I realize isnt' actually on the island, but bears the address). What are the reputations of these areas, and how do they compare to each other? We are in our early 5o's. WE want to consider resale, as well - do any areas hold their value better, or are considered more attractive to buyers?
I would recommend you do a little research on property taxes if dollars are important to you. If you buy a second home in SC the appraised value for tax purposes will be what you pay for it not what the current owner pays (Point of Sale Assessment). Also, residential property owners in SC pay -0- in property taxes for School Operating Costs. Second home and investment property owners pay 100% of the school operating costs.This alone would mean that your taxes will be as high as 75% higher than your resident neighbor with the same size house. My advice would be to spend the time and talk to the County Tax Assessor. They will give you an estimate of the property taxes on any second home based on the sales price. Personally, I would recomend North Carolina. SC has become VERY unfriendly to second home owners. Good Luck!
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