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Home / Courts / S.C. Court of Appeals / Taxation – Real Property – Assessable Transfer of Interest Exemption – Timing (access required)

Taxation – Real Property – Assessable Transfer of Interest Exemption – Timing (access required)

When an assessable (i.e., appraisal-triggering) transfer of interest in real property occurs, our property tax statutes provide for an exemption based on (1) the property’s fair market value at its last assessable transfer of interest (ATI) and (2) the property’s current fair market value as reflected on the books of the property tax assessor for ...

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