South Carolina Code of Laws — Title 12 (Taxation)
S.C. Code Ann. § 12-37-260
Exemption for holders of life estate; application of Section 12-37-250
Official textscstatehouse.gov
Exemption for holders of a life estate as provided for in Section 12-37-250 shall be effective for real property tax purposes for the 1972 tax year provided that such holders make application to the county auditor on or before May 1, 1972.
Nothing herein shall affect the exemptions otherwise granted.
The provisions of Section 12-37-250 shall apply to life estates created by will and also to life estates otherwise created which were in effect on or before December 31, 1971.
Source: view the official text
In this chapter (40 sections)
- 12-37-110 · Auditors, assessors, and appraisers shall attend…
- 12-37-120 · Rounding of assessed value of property
- 12-37-135 · Countywide business registration; fee
- 12-37-140 · Real property taxation and valuation; boundary clarification
- 12-37-145 · Motor vehicle registration; boundary clarification
- 12-37-150 · Tax rebate; boundary clarification
- 12-37-155 · Lien date; boundary clarification
- 12-37-210 · Property which is taxable
- 12-37-220 · General exemption from taxes
- 12-37-222 · Leased equipment used by charitable, not-for-profit or…
- 12-37-224 · Motor homes or trailers for recreational travel; boats or…
- 12-37-225 · Consideration of federal or state income tax credits for…
- 12-37-230 · Payments of services rendered in lieu of taxes by nonprofit…
- 12-37-235 · Fees for fire protection for property exempt under SECTION…
- 12-37-240 · Payments in lieu of taxes by nonprofit housing corporations…
- 12-37-245 · Homestead exemption allowance increased
- 12-37-250 · Homestead exemption for taxpayers sixty-five and over or…
- 12-37-251 · Calculation of rollback millage; equivalent millage
- 12-37-252 · Classification and assessment of property qualifying for…
- 12-37-255 · Homestead exemption to continue; county auditor to be…
- 12-37-260 · Exemption for holders of life estate; application of…
- 12-37-265 · Criteria for qualification of life estates for homestead…
- 12-37-266 · Homestead exemption for dwellings held in trust;…
- 12-37-270 · Reimbursement for tax loss in counties allowing homestead…
- 12-37-275 · Date for submission for requests for reimbursement
- 12-37-280 · Reimbursement of localities for tax loss due to homestead…
- 12-37-285 · Incorporated municipalities may provide for homestead…
- 12-37-290 · General homestead exemption
- 12-37-295 · Payment of taxes not condition to qualify for exemption
- 12-37-450 · Business inventory tax exemption; reimbursement of counties…
- 12-37-610 · Persons liable for taxes and assessments on real property;…
- 12-37-620 · Certain leasehold estates taxed until end of term; lease or…
- 12-37-670 · Listing new structures for taxation; due date of additional…
- 12-37-710 · Return and assessment of personal property
- 12-37-712 · Access to marina records and premises
- 12-37-714 · Boats with situs in State; boat or motor under contract for…
- 12-37-715 · Frequency of ad valorem taxation on personal property;…
- 12-37-717 · Repealed
- 12-37-720 · Persons who shall return property of ward, minor child…
- 12-37-730 · Persons liable for taxes on personal property held in trust…