Daniel Island Real Estate Hosts Governor Nikki Haley

August 18, 2011

Daniel Island Real Estate welcomed South Carolina Governor Nikki Haley on August 15 for the ceremonial signing of a new point-of-sale real estate law designed to limit tax increases on second homes, commercial and investment properties. As the center for real estate sales on Daniel Island, the riverfront Sales Center was an appropriate and scenic backdrop for the signing of House Bill 3713, which provides tax relief for purchasers of some properties. The new law applies to properties taxed at 6 percent and caps the amount that a property value can increase when a sales transaction occurs.

With legislators on-hand – including Rep. Jim Merrill of Daniel Island, who was the primary sponsor of the Bill – the ceremony marked what many hope will be the beginning of further  tax reform and a boost to the state’s economy.

“It’s good for real estate, and particularly second home buyers,” said Daniel Island Real Estate Broker-In-Charge Rick Vale, who said he was honored to host the ceremony at his office. “I think just the symbolism of this bill is significant, and hopefully the message will trickle down and have a positive impact not only for real estate sales, but for the state’s economy as a whole.”