Homestead, property tax, watercraft
If you are buying a home in the Beaufort County School District, you can access information regarding the schools on their website.
Homestead Exemption Benefit
What is the Homestead Exemption benefit?
The Homestead Exemption is a complete exemption of taxes on the first $50,000 in Fair Market Value of your Legal Residence for homeowners over age 65, totally and permanently disabled, or legally blind.
Do I qualify for the Homestead Exemption?
To qualify for the Homestead Exemption, statements 1,2 and 3 must be true.
1. You hold a complete fee simple title to your primary legal residence or life estate to your primary legal residence or you are the beneficiary of a trust that holds title to your primary legal residence.
2. As of December 31, preceding the tax year of the exemption, you were a legal resident of South Carolina for one calendar year
3. As of December 31, preceding the tax year of the exemption, you must be one of the following:
a. 65 years of age, or
b. declared totally and permanently disabled by a state or federal agency having the authority to make such a declaration, or
c. legally blind as certified by a licensed ophthalmologist.
For more information on the Homestead Exemption Benefit click here. https://dor.sc.gov/lgs/homestead-exemption
Contact the Beaufort County Auditor’s Office for application information and assistance.
Personal Property Tax
What is personal property?
In South Carolina, personal property encompasses motor vehicles, recreational vehicles, aircraft and watercraft (including boats, motors, and personal recreational vehicles like wave runners and jet skis, etc.).
You have 45 days after moving to South Carolina to register your vehicle.
Before you transfer your title and registration, you must pay any property taxes with the Beaufort County Treasurer.
For more information on titling and registering a vehicle after moving to South Carolina click here. https://www.beaufortcountytreasurer.com/payment-options
In the state of South Carolina, the law requires all motorized boats and watercraft, sailboats, and all outboard motors five horsepower and greater to be titled. You must register your boat or motor with the South Carolina Department of Natural Resources (SCDNR). https://www.dnr.sc.gov/boating/Titling_and_Registration/index.html
Before you can register your watercraft or renew your registration the property taxes must be paid.
4% Special Assessment Ratio
All residential and commercial property in Beaufort County is taxed at a 6% assessment rate. An exception is an owner-occupied legal residence which may qualify for the 4% Special Assessment Ratio. If you occupy your property and it is your legal residence, you may be eligible for the 4% Special Assessment Ratio. Click for the Legal Residence (Four Percent Exemption) Application. https://assessorforms.beaufortcountysc.gov/ITSupport/LegalResidence
Calculate Your Beaufort County Taxes https://apps.beaufortcountysc.gov/tax-calculator/
The Beaufort County Auditor’s Office offers a Tax Calculator that will give a prospective buyer an estimate of the property taxes for a parcel of real estate. Simply enter the property value, select the assessment ratio, and select the tax district.
All information pulled from the Beaufort County Auditor, Beaufort County Treasurer, South Carolina Department of Revenue, South Carolina Department of Motor Vehicles, and the South Carolina Department of Natural Resources.