There’s plenty to love about The Reserve. Thirty miles of pristine shoreline on Lake Keowee; 3,900 acres of pristine land—much that is in conservation; the award-winning, 18-hole jack Nicklaus Signature Golf Course; the gorgeous custom homes and homesites with views of lake, golf, and mountains; the modern, world-class amenities for young and old; and a genuine sense of community and outreach that is unparalleled. This rich combination of benefits and offerings has driven hundreds of families and individuals to become homeowners over the years. What often gets overlooked when compared to these dazzling features is an economic incentive: The Reserve is located in the tax friendly state of South Carolina.
In a state that is known for its gracious southern charm, friendly faces, and refined manners, it only seems appropriate that South Carolina would also offer the pragmatic monetary enticements that would extend a warm welcome—much as a handshake or a glass of sweet iced tea. According to an authoritative study in Kiplinger, “State-by-State Guide to Taxes on Retirees” (October 2016), South Carolina has much to persuade retirees with regard to tax savings and benefits. The state does not tax Social Security benefits. It has no inheritance tax or estate tax. It provides a generous retirement-income deduction. It has tax breaks for seniors, such as the state’s homestead exemption for homeowners over 65. It also offers a new deduction for military retirement income. On top of that, South Carolina’s income rates are very palatable and the property taxes are low.
Mark Ellwood of Conde Nast Traveler joined Craig Ferguson and Kathie Lee Gifford on the Today Show with a list of the top five places in the U.S. to retire, particularly if you’re a baby boomer. We are not surprised that Greenville, SC is on their list! See video clip
So whether it’s the ideal four-season climate…the breathtaking lake setting…the championship golf…the endless activities and amenities, both indoors and out…or the enticing tax benefits for retirees…The Reserve is truly the ideal community, come see for yourself and ask our homeowners.
Schedule a personal tour
To learn more about the living experience at The Reserve, or to schedule your personal Discovery Tour, please contact one of our Real Estate experts at 1-877-922-LAKE.