South Carolina Statutes
§ 31-7-75 — Municipal annexation; ad valorem tax valuation.
If a municipality annexes a tract of property located in a redevelopment project area, the value of each parcel of real property therein for purposes of the ad valorem taxes of the municipality shall be that which is attributable to its initial equalized assessed value before the redevelopment project and not to the increase in its equalized assessed value due to the redevelopment project.
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South Carolina § 31-7-75 (Municipal annexation; ad valorem tax valuation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1999 Act No. 109, SECTION 1.
Nearby Sections
15
§ 31-7-10
Short title.§ 31-7-110
Revenues and grants; county powers.§ 31-7-120
Intergovernmental agreements.§ 31-7-25
Additional findings.§ 31-7-30
Definitions.§ 31-7-50
Application of proceeds.§ 31-7-60
State tax exemptions.