Myrtle Beach Real Estate
Once a quaint, beach town Myrtle Beach is now a major metropolitan vacation destination. One of those rare places that truly has something for everyone, Myrtle Beach features award-winning golf courses, an exceptional and diverse restaurant scene, theater shows featuring world-class performers, a variety of retail and shopping destinations and – of course – miles and miles of beautiful South Carolina beaches.
Myrtle Beach’s diversity also extends to its real estate. New homes, existing homes and condos are available at every price range. The Myrtle Beach area has been one of the fastest growing metropolitan areas in recent years – and it’s easy to see why. The area’s inviting, sunny weather and the low cost of living have created an exceptionally enticing place to buy a home.
One of Myrtle Beach’s major attractions is TicketReturn.com Field, home of the Myrtle Beach Pelicans, a minor league affiliate of the Chicago Cubs. The stadium has consistently been ranked among the top ten minor league experiences by Stadium Journey.
Why are property taxes in Myrtle Beach so low?
If homeowners have filed with the tax assessor’s office to qualify as a year-round resident, they are eligible to pay property tax of 4 percent of the assessed value of their home. If the property is a second home or used to generate income, it is 6 percent. In addition, Myrtle Beach’s Tourism Development Fee gives all owner-occupied homes in the city limits a 76 percent credit on their property tax bill.
Is Myrtle Beach good for retirement?
South Carolina is a great state to retire in for many reasons. In addition to the warm weather, and friendly neighborhoods, seniors can take advantage of several tax breaks. Social Security benefits are exempt from state income tax and after reaching age 65, seniors can deduct $15,000 of income from any source. South Carolina has some of the lowest property tax rates in the country. After reaching 65-years-old and establishing one year of residency, homeowners are exempt from property tax on the first $50,000 of the value of their legal residence, once they apply for the Homestead Exemption.
What are the schools like in Myrtle Beach?
Myrtle Beach has several elementary schools, including Myrtle Beach Early Childhood School, Myrtle Beach Elementary and Myrtle Beach Primary. Myrtle Beach Middle School and Myrtle Beach High School serve older students. Many Myrtle Beach schools have been designated as Stephen Covey ‘Leader in Me’ Lighthouse Schools. There are also a number of private and charter schools in the area.