South Carolina General Assembly
115th Session, 2003-2004

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H. 4421

STATUS INFORMATION

General Bill
Sponsors: Reps. White, Cooper, Vaughn, Cotty, Altman, Sandifer, Leach and Mahaffey
Document Path: l:\council\bills\ggs\22335htc04.doc

Introduced in the House on January 13, 2004
Currently residing in the House Committee on Ways and Means

Summary: After countywide assessment, property tax notices must include certain information

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
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   12/3/2003  House   Prefiled
   12/3/2003  House   Referred to Committee on Ways and Means
   1/13/2004  House   Introduced and read first time HJ-68
   1/13/2004  House   Referred to Committee on Ways and Means HJ-68

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

12/3/2003

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 12-60-2510, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX ASSESSMENT NOTICES, SO AS TO PROVIDE THAT THE ASSESSMENT NOTICE RESULTING FROM A COUNTYWIDE ASSESSMENT AND EQUALIZATION PROGRAM MUST PROVIDE AN ESTIMATED PROPERTY TAX LIABILITY BASED ON THE REVISED VALUE AND THE ROLLBACK MILLAGE.

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

SECTION    1.    Section 12-60-2510(A) of the 1976 Code, as last amended by Act 69 of 2003, is further amended by adding a new item appropriately numbered at the end to read:

"( )    A reassessment notice resulting from a countywide assessment and equalization plan must contain an estimate of the property tax liability on the parcel for the next property tax year using the value determined for the parcel in the countywide plan and an estimated rollback millage rate. This estimate may include references to those factors which can result in the actual liability varying from the estimated liability."

SECTION    2.    This act takes effect upon approval by the Governor and applies to the applicable property tax assessment notices issued after 2004.

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