South Carolina Code of Laws — Title 12 (Taxation)
S.C. Code Ann. § 12-43-215
Owner-occupied residential real property; highest and best use; appeals of assessment value
Official textscstatehouse.gov
When owner-occupied residential property assessed pursuant to Section 12-43-220(c) is valued for purposes of ad valorem taxation, the value of the land must be determined on the basis that its highest and best use is for residential purposes. When a property owner or an agent for a property owner appeals the value of a property assessment, the assessor shall consider the appeal and make any adjustments, if warranted, based on the market values of real property as they existed in the year that the equalization and reassessment program was conducted and on which the assessment is based.
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In this chapter (28 sections)
- 12-43-210 · Uniform and equitable assessments; rules and regulations
- 12-43-215 · Owner-occupied residential real property; highest and best…
- 12-43-217 · Quadrennial reassessment; postponement ordinance
- 12-43-220 · Classifications shall be equal and uniform; particular…
- 12-43-221 · Property purchased by installment contract for sale;…
- 12-43-222 · Roll-back tax for open space
- 12-43-224 · Assessment of undeveloped acreage subdivided into lots
- 12-43-225 · Multiple lot discounts; eligibility
- 12-43-227 · Valuation of homeowners' association property
- 12-43-230 · Treatment of agricultural real property, mobile home and…
- 12-43-232 · Requirements for agricultural use
- 12-43-233 · Agritourism uses
- 12-43-240 · Counties shall require building permits; copies shall be…
- 12-43-250 · Sales ratio studies; reassessment or remapping
- 12-43-260 · Counties wilfully failing to comply with article shall not…
- 12-43-285 · Certification of millage rates; excessive rates
- 12-43-295 · No additional millage shall be levied as inflation factor…
- 12-43-296 · Preparation of budgets and carry forward of positive…
- 12-43-300 · Extension of time for filing of objection to valuation and…
- 12-43-310 · Article shall not affect certain contracts
- 12-43-320 · Legislative repeal of certain rules and regulations
- 12-43-330 · Property exempt from taxation is also exempt from assessment
- 12-43-335 · Classification of assessed property of merchants and…
- 12-43-340 · Agricultural use application; false statement
- 12-43-350 · Standardized tax bill
- 12-43-360 · Assessed value of aircraft
- 12-43-365 · Golf course valuation
- 12-43-370 · Electronic property tax bill and receipt