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Other Information At-A-Glance:
The General Assembly
passed legislation in 2009 to give builder/developers an exemption on
property tax for newly constructed and yet unoccupied detached single
family homes that received their certificate of occupancy (CO) after 2006.
Effective in July 1, 2009 a newly constructed home that remains unoccupied
will not have the improvement (home) taxed until it is occupied, or the
home reaches the sixth December 31 renewal date after receiving its
Certificate of Occupancy (CO). It is imperative and
financially rewarding for every builder who is qualified for the exemption
to meet the specified deadline - January 31. Failure to meet this deadline
will result in a loss of the property tax exemption for the 2010 tax year!
Information on how to secure and maintain the property tax exemption is
detailed below. Obtaining &
Maintaining Exemption: A. Homes
Receiving CO in 2007- 2008 - Builder should have file exemption form with
county assessor by September 30, 2009 for the 2009 tax year exemption. If
this was not done, the tax exemption form should be filed by January 31,
2010. For those who got their
tax exemption in on time in 2009, you must recertify each year beginning
on January 31, 2010 that the house remains unoccupied to maintain the tax
exemption. B. Homes
Receiving CO in 2009 forward - If builder gets a CO, he has to notify
assessor within 30 days of receiving a CO, or by January 31, 2010 that the
house is unoccupied. Going forward, if house sale is not pending, it would
seem prudent to file exemption form when CO issued just to be safe. C. The County
Assessors have developed a form to claim the tax exemption and annual
extension. However, the form may vary slightly from county to county. To
protect your legal rights the application should be notarized.
NEW!! - Home buyer federal tax credit extended, expanded $8,000 First-time Home Buyer Tax Credit at a Glance · The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase. · The tax credit does not have to be repaid. · The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000. · The tax credit applies only to homes priced at $800,000 or less. · The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify. · For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly. · For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit. The $6,500 Move-Up / Repeat Home Buyer Tax Credit at a Glance · To be eligible to claim the tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years. · The tax credit does not have to be repaid. · The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $6,500. · The tax credit applies only to homes priced at $800,000 or less. · The credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, the home purchase qualifies provided it is completed by June 30, 2010. · Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit. For more information, go to: www.federalhousingtaxcredit.com.
David
Hilburn of South Capital Group, Inc. and Midland Mortgage Corporation
will serve as President of the Home Builders Association of Greater
Columbia (HBAGC) in 2010. He has been a member of the association since 1986 and has been on the HBA
Board of Directors since 2003. David
has been active in association events including service as chairman of the
Carolina Classic Home & Garden Show and the Parade of Homes.
He is also involved with government relations for the association
on the local, state and national levels.
David
was born in Charleston, SC where he attended Middleton High School.
He then attended the University of South Carolina where he
double-majored in Finance and Insurance and Economic Security.
After college, David went into the construction lending and banking
industry. He currently is
with Midland Mortgage Corporation where he has worked since 1997.
In addition to his 21 years as a construction loan officer, he has
19 years experience in residential and commercial development with South
Capital Group, Inc. He and
his wife Karen are members of Columbia’s First Baptist Church. Serving as the 2010 HBA Board
of Directors are: Wade McGuinn, McGuinn Group as Vice President; Hal Von
Nessen, RESH Marketing as Associates Vice President; Tony Thompson, CMB,
CGR, CAPS, CGP, Remodeling Services Unlimited, Inc as Treasurer; and Carl
J. Berry II, Sycamore Development, LLC as Secretary. In
addition, the HBAGC elected one Associates Director and three Builder
Directors to the board for terms of two years each.
The Associate Director is John
Butcher of 2-10 Home Buyers Warranty.
Builder Directors are Steve
Baudo of Baudo & Associates Home Builders, Inc., Allyson Way Hank of
Sovereign Homes, and Jim Fadell of Rymarc Homes. Chairpersons
of HBA councils also have a seat on the HBA Board of Directors.
Included here are Bill Dixon of Mungo Homes, Inc. serving
as Chairman of the Land Development Council;
George Delk of Delk Homes, Inc. as the Chairman of the Kershaw
County Chapter; Mike Lowman, CGP of Mike Lowman Homes, Inc.
serving as Chairman of the Sales and Marketing Council of Greater
Columbia; Johnny Del Priore of Del
Priore, Inc. as Chairman of the HBA of Greater Columbia Remodelers; and,
Bill Wichlei of Bill Wichlei Builder as Chairman of the Green Building
Council of Greater Columbia. Hilburn
will be installed as President of the Home Builders Association at the
Annual HBA Holiday Ball on December 5.
All new board members will begin their terms in January 2010.
Each
year the Home Builders Association of Greater Columbia (HBAGC) holds its
annual Holiday Ball in Columbia. It’s
an evening of fun and celebration, and recognition of those who have
helped the home building industry throughout the year. Prior
to the Holiday Ball, the HBAGC membership votes for their choice of
nominees for the Byron Crosthwaite Builder Member of the Year and the
Award William H. Peters Award recognizing the Associate member of the
year.
Barry
was born in Charleston, SC and raised from the age of three in Columbia,
SC, where he attended A. C. Flora High School.
He then attended the University of South Carolina for a few years
and then entered the U.S. Navy Reserves.
Upon completion of his time in the Reserves, he continued his
education at what is now Charleston Southern University where he attained
a B.S. in Marketing with a minor in Economics.
After college Barry worked as a buyer for Rockwell International,
Materials Manager for Owens Steel, and with Cooper Air Tools. Today, he
is owner and president of The Barry Davis Company, Inc.
He and his wife, Earline, have two children, Alan S. Davis, a
Civil Engineer in Columbia, and Craig C. Davis, Band Director at York
High School. Barry and Earline are members of Lexington United Methodist
Church.
Zeigler
has over 30 years of construction experience in a custom cabinet shop and
experience in wholesale and retail building material sales.
He has a degree in carpentry technology from Midlands Technical
College. He is married to
wife Cherie and attends LongCreek Presbyterian Church.
He has three daughters, Lauren Zeigler Brooks, and Chelsey and
Daytona Zeigler. The
association also awarded Civil Engineering of Columbia, Inc. as Corporate
Member of the Year. The
people that make up Civil Engineering are active in the HBAGC, the
Land Development Council and the Green Building Council of Greater
Columbia. They regularly
attend meetings and, furthermore, lend their expertise to help the
association and fellow members whenever possible. Civil Engineering of Columbia, Inc. also contributes
financially to HBA events and meetings through sponsorships. We are proud to name them the Corporate Member of the Year. The Home Builders Association of Greater Columbia would like to commend the award winners on their hard work throughout the year. They have not only served the home building industry well, but the Columbia community and the entire state have benefited from their dedication and work.
The
Home Builders Association of South
Carolina began the Certified Master Builder Designation program in
2005. The Master Builder
designation is assurance that the builder has a level of professionalism
together with the knowledge and skill to meet customer expectations and
ensure homeowner satisfaction. Certified
Master Builders must complete rigorous training and education
requirements, satisfy specific licensing and insurance requirements, have
completed at least three major construction projects in the past two
years, and are recommended by their peers. Ten
members of the HBA of Greater Columbia are currently Certified Master Builders:
Carl
Berry, B & B Master Builders Keith Berry, B & B Master Builders, Inc. Thom Chumney, Mungo Construction, LLC Chris
Condon, Mungo Homes, Inc. Barry Davis, The Barry Davis Company, Inc. James G. Graves, Colony Builders of Carolina Matt Hancock, CGP, CAASH, CAPS, GMB, CGB, Hancock Construction, LLC Ken King, P & K Construction, Inc. Steven
Mungo, Mungo Homes, Inc. Tony
Thompson, CGR, CAPS, CGP, Remodeling Services Unlimited Although
South Carolina has one of the most rigorous licensing requirements in the
country, the Home Builders Association of South Carolina has begun this
program to allow builders to go up even higher. Congratulations
to these members on their accomplishment.
We hope to see more Master Builders in our ranks soon. For more information on the Master Builder program, please contact Mark Nix at the HBA of SC at (803) 771-7408. Click here to see the complete list of SC Master Builders.
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The 2009 Byron Crosthwaite Builder Member of the Year is Barry Davis,
CMB of Barry Davis Homes, Inc.
The Home Builders Association also gives an award for Associate Member of
the Year.
The Gordon A. Harrison Award is given each year to an outstanding home
builder in the spirit of the man it is named after.