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South Carolina Code of Laws — Title 12 (Taxation)

S.C. Code Ann. § 12-37-940

Valuation of certain kinds of personal property

Official textscstatehouse.gov

The following articles of personal property shall be valued for taxation, as follows, to wit: leasehold estates held for any definite term, at the yearly value thereof to the lessee; annuities, at the yearly value thereof to the owner at the time of listing; and leasehold estates held on perpetual lease or for a term certain renewable forever at the option of the lessee, at the full value of the land.

Last amended: 1962 Code SECTION 65-1649; 1952 Code SECTION 65-1649; 1942 Code SECTION 2697; 1932 Code SECTION 2697; Civ. C. '22 SECTION 432; Civ. C. '12 SECTION 380; Civ. C. '02 SECTION 338; G. S. 220; R. S. 271; 1881 (17) 1006; 2015 Act No. 87 (S.379), SECTION 13, eff June 11, 2015. Effect of Amendment 2015 Act No. 87, SECTION 13, amended the section by deleting determination of value of money, bank bills, and like items.

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In this chapter (40 sections)
  1. 12-37-715 · Frequency of ad valorem taxation on personal property;…
  2. 12-37-717 · Repealed
  3. 12-37-720 · Persons who shall return property of ward, minor child…
  4. 12-37-730 · Persons liable for taxes on personal property held in trust…
  5. 12-37-735 · Transfer of personal property titled by state or federal…
  6. 12-37-740 · Property of others shall be listed and assessed separately;…
  7. 12-37-750 · Omitted or false returns; notice to taxpayer; assessment…
  8. 12-37-760 · Auditor shall make return of personal property when…
  9. 12-37-780 · Procedure in case of suspected evasion or false return of…
  10. 12-37-800 · Penalty for failure to list real or personal property;…
  11. 12-37-810 · Penalty where taxpayer makes wilful false return;…
  12. 12-37-820 · Payment of expenses of examination
  13. 12-37-830 · Allowable expenses
  14. 12-37-840 · Assessment as a part of collection; auditor may secure full…
  15. 12-37-850 · Repealed
  16. 12-37-890 · Place where property shall be returned for taxation
  17. 12-37-900 · Personal property tax returns; exception for certain…
  18. 12-37-905 · Required date for filing property tax returns
  19. 12-37-930 · Valuation of property; depreciation allowances for…
  20. 12-37-935 · Maximum percentage depreciation; trust fund for tax relief
  21. 12-37-940 · Valuation of certain kinds of personal property
  22. 12-37-950 · Valuation of certain leasehold estates as real estate
  23. 12-37-970 · Assessment and return of property
  24. 12-37-975 · Filing of amended return
  25. 12-37-1110 · "Personal property in transit" defined; such property…
  26. 12-37-1120 · "In transit" property; records to be kept by warehouses;…
  27. 12-37-1130 · Penalties for false statements
  28. 12-37-1140 · Penalties for evasion of assessment or levy of taxes
  29. 12-37-1310 · "Manufacturer" defined
  30. 12-37-1610 · Returns of railroad companies to Department of Revenue
  31. 12-37-1630 · Valuation and allocation
  32. 12-37-1640 · Form of return and oath
  33. 12-37-1650 · Returns to be made by receivers
  34. 12-37-1660 · Power of department to question officers, agents and…
  35. 12-37-1670 · Railroad officer, receiver or agent who refuses to answer…
  36. 12-37-1680 · Proceedings in case of failure to file return
  37. 12-37-1940 · Statements of telegraph and telephone companies
  38. 12-37-1990 · Form of returns when no principal office is in State;…
  39. 12-37-2000 · Department shall examine statements and may require other…
  40. 12-37-2010 · Auditors may require agents to report length of lines in…
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