South Carolina Statutes
§ 12-43-215 — Owner-occupied residential real property; highest and best use; appeals of assessment value.
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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South Carolina § 12-43-215 (Owner-occupied residential real property; highest and best use; appeals of assessment value.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1994 Act No. 406, SECTION 4; 2005 Act No. 138, SECTION 3, eff June 7, 2005, applicable to tax periods beginning after 2004.
Nearby Sections
15
§ 12-43-215
Owner-occupied residential real property; highest and best use; appeals of assessment value.§ 12-43-221
Property purchased by installment contract for sale; applicable assessments and exemptions.§ 12-43-222
Roll-back tax for open space.§ 12-43-225
Multiple lot discounts; eligibility.§ 12-43-232
Requirements for agricultural use.§ 12-43-233
Agritourism uses.