South Carolina Code of Regulations
Chapter 117 - DEPARTMENT OF REVENUE
Article 37 - PROPERTY TAX REGULATIONS
Section 117-1800.1 - Application for Special Assessment as Legal Residence
Current through Register Vol. 48, No. 9, September 27, 2024
1. Qualification Requirements. The property must be occupied by the owner as his legal residence and the property and the owners of the property must meet the requirements of Section 12-43-220(c) of the South Carolina Code of Laws. The legal residence includes not more than five acres contiguous to the actual residence owned totally or in part in fee, or by life estate, but shall not include any portion which is not owned and occupied for residential purposes. If the residential real property is held in trust and the income beneficiary of the trust occupies the property as a residence, then the four percent assessment ratio described in Code Section 12-43-220(c) applies if the trustee certifies to the assessor that the property is occupied by the income beneficiary of the trust.
2. Definition of Legal Residence. For property tax purposes the term "Legal Residence" shall mean the permanent home or dwelling place owned by a person and occupied by the owner thereof and where he or she is domiciled.
3. This application must be completed in full and the owners of the property or the owners' agent must apply for the four percent legal assessment ratio before the first penalty date (January 15) for the payment of taxes for the tax year for which the owner first claims eligibility for the four percent assessment ratio. The application must be filed with the county assessor and must include, but is not limited to, the following information:
___________________________________ ___________________________________
___________________________________ ___________________________________
___________________________________ ___________________________________
Location of the Property__________ Legal Description of the Property ___ ___ ___ ___ ___ __________
If yes, describe __________
Yes () No ()
"Under penalty of perjury, I certify that:
For purposes of the statement, "a member of my household" means (1) the owner-occupant's spouse, except when that spouse is legally separated from the owner-occupant; and; (2) any child of the owner-occupant claimed, or eligible to be claimed, as a dependent on the owner-occupant's federal income tax return.
Co-owner's or agent's signature __________ Date __________ Ph. No. __________
If agent signed for owner, give relationship and attach authorization that provides authority for agent to sign on behalf of owner__________
Mailing address: __________