S.C. Code Regs. 117-1760.2 — Multi-Use Property

Code Sections 12-43-210 to 12-43-310 of the South Carolina Code of Laws provides classifications
of property for property tax purposes at different ratios of assessment.
If a particular piece of property is used for more than one purpose, then the value of the total piece
of property must be allocated on some equitable basis. Then separate ratios could be applied to arrive
at the assessed value of each part. For example a duplex in which the owner resides in one part and
rents the other part the value of the duplex must be allocated on an equitable basis, such as square
footage.