Current Status Bill Number:1090 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19960201 Primary Sponsor:Ryberg All Sponsors:Ryberg Drafted Document Number:pfm\7802htc.96 Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Property tax under appeal and refunds
Body Date Action Description Com Leg Involved
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Senate 19960201 Introduced, read first time, 06 SF
referred to Committee
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TO AMEND SECTION 12-60-2550, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PAYMENT OF PROPERTY TAX UNDER APPEAL AND REFUNDS AND PAYMENTS AFTER FINAL DETERMINATION, SO AS TO PROVIDE THAT A TAXPAYER MAY PAY TAX ON REAL PROPERTY, THE VALUE OF WHICH IS UNDER APPEAL, BASED ON EIGHTY PERCENT OF THE REASSESSED VALUE OR ONE HUNDRED PERCENT OF THE VALUE APPLICABLE FOR THE PRIOR PROPERTY TAX YEAR, WHICHEVER RESULTS IN A LOWER TAX LIABILITY ON THE PROPERTY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-60-2550(A) of the 1976 Code, as added by Act 60 of 1995, is amended to read:
"(A) If it is reasonably expected that the written protest or appeal will not be resolved by December thirty-first of the tax year, the county assessor shall notify the auditor to adjust the property tax assessment of the property under protest to eighty percent of the protested property tax assessment or one hundred percent of the property tax assessment applicable for the prior property tax year, whichever results in a lower property tax liability for the current tax year, or any greater valuation greater than eighty percent agreed to in writing by the taxpayer, and enter the adjusted property tax assessment on the tax duplicate. The tax must be paid as in other cases."
SECTION 2. Upon approval of the Governor, this act is effective for property tax years beginning after 1995.