Bill 396

                    Current Status

Bill Number:                    396
Ratification Number:            348
Act Number:                     298
Type of Legislation:            General Bill GB
Introducing Body:               Senate
Introduced Date:                19970220
Primary Sponsor:                J. Verne Smith
All Sponsors:                   J. Verne Smith and Leatherman
                                
Drafted Document Number:        dka\4053mm.97
Date Bill Passed both Bodies:   19980415
Governor's Action:              U Became law without signature of
                                Governor
Date of Governor's Action:      19980528
Subject:                        Property tax assessment notices,
                                percentage increase if no change in
                                use, Taxation

Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

------  19980611  Act No. A298
------  19980528  Unsigned, became law without
                  signature of Governor
------  19980521  Ratified R348
House   19980415  Read third time, enrolled for
                  ratification
House   19980414  Read second time
House   19980408  Committee report: Favorable              30 HWM
House   19980121  Introduced, read first time,             30 HWM
                  referred to Committee
Senate  19980120  Read third time, sent to House
Senate  19970401  Read second time, notice of
                  general amendments
Senate  19970326  Committee report: Favorable              06 SF
Senate  19970220  Introduced, read first time,             06 SF
                  referred to Committee

(A298, R348, S396)

AN ACT TO AMEND SECTION 12-60-2510, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CONTENTS OF PROPERTY TAX ASSESSMENT NOTICES, SO AS TO DELETE THE REQUIREMENT THAT THE NOTICE CONTAIN THE PERCENTAGE INCREASE OVER THE PRIOR MARKET VALUE IF THERE WAS NO CHANGE IN USE OR CHARACTERISTICS.

Be it enacted by the General Assembly of the State of South Carolina:

Contents of property tax assessment notice

SECTION 1. Section 12-60-2510(A)(1) of the 1976 Code, as last amended by Act 431 of 1996, is further amended to read:

(1) In the case of property tax assessments made by the county assessor, whenever the assessor increases the fair market or special use value in making a property tax assessment by one thousand dollars or more, or whenever the first property tax assessment is made on the property by a county assessor, the assessor, by July first in the year in which the property tax assessment is made, or as soon after as is practical, shall send the taxpayer a property tax assessment notice. In years when real property is appraised and assessed under a county equalization program, substantially all property tax assessment notices must be mailed by February first of the implementation year. In these reassessment years, if substantially all of the tax assessment notices are not mailed by February first, the prior year's property tax assessment must be the basis for all property tax assessments for the current tax year. A property tax assessment notice under this subsection must be in writing and must include:

(a) the fair market value;

(b) the special use value, if applicable;

(c) the assessment ratio;

(d) the property tax assessment;

(e) the number of acres or lots;

(f) the location of the property;

(g) the tax map number; and

(h) the appeal procedure.

Time effective

SECTION 2. This act takes effect upon approval by the Governor.

Became law without the signature of the Governor -- 05/28/98.