Current through Register Vol. 48, No. 3, March 22, 2024
Section 1. For the purposes of valuing
property for ad valorem tax purposes, each county in the State shall keep the
necessary records on all property to value such property in accordance with the
laws of this State. The information required to be kept includes, but is not
limited to, the information provided in Section 2, as well as any other
information the Department of Revenue directs.
Section 2. There shall be a property
appraisal record for each parcel of property in the county which shall contain
the following information.
1. The name and
address of the owner of the property;
2. the location of the property;
3. the Tax Map reference number for the
property;
4. the Tax District where
the property is located;
5.
references to the last previous owner with deed book and page if obtained by
deed or the proper legal reference as to how the property was obtained, if
obtained by another method;
6. a
legal description of the property;
7. the appraised value of the
property;
8. the assessed value of
the property;
9. the plat book and
page if the property has been recorded with the Clerk of the Court or the
Register of Mesne Conveyance. In addition, the date of the last transfer of the
property shall be listed along with the consideration paid or the amount of any
deed stamps or recording fees paid with respect to the transfer of the
property;
10. the date of
inspection;
11. the classification
of the property according to the classifications provided in Article X,
Section1 of the South Carolina Constitution and Chapter 43, Title 12 of the
South Carolina Code of Laws;
12.
the topography characteristics of the land;
13. land improvements such as water, sewer,
gas and electricity;
14. lot size
to the nearest foot;
15. if listed
in acreage, the number of acres;
16. a sketch, or dimensions of the real
property improvements which contribute value, listing the measurements, number
of stories, basement, porches, garages, outbuildings and other similar types of
real property improvements;
17.
calculation of the square footage of the real property improvements;
18. the name of the individual who appraised
the property.
19. The following
characteristics will be identified as to their type, condition, and number,
whichever is applicable; foundation, basement, walls, roof, number of stories,
number of bedrooms, fireplaces (including number thereof), garages and
carports, storage rooms, types of heating and air conditioning, insulation, and
kitchen built-ins.
20. For
commercial and industrial property not assessed by the department the following
characteristics should also be noted: type of wiring, type of sprinkler system,
capacity of heating and air conditioning, humidification, type of roof
structure, type of roof supports, eve height of improvements, annual rent
received, and estimated remaining economic life.
21. The Assessor shall keep a record of the
market value of agricultural property based on highest and best use and actual
use for a period of at least six years, so that if the use should change, the
property taxes can be calculated based on the market value for the year of the
change and the previous five years.
Section 3. If any county has completed a
program as of December 31, 1975, such county may be exempted from portions of
the above provisions with written permission from the department.
Section 4. A county is allowed to keep an
electronic record of the information contained in Section 2 above, in lieu of,
or in addition to, a paper copy of the property appraisal record.
Section 5. The Assessor will, to the best of
his or her ability, estimate the fair market value for all real property under
his or her jurisdiction as of the assessment date, and this value shall be the
value to which the assessment ratios provided in Chapter 43, Title 12 of the
Code will be applied.
Section 6. If
a county keeps a separate property record, the county may omit the information
contained in items 1, 5, 6, 8, and 9 listed in Section 2 above from the
property appraisal record.
