The start of a new year frequently includes new or updated statutes, and South Carolina is no exception. 2021 brings an update to South Carolina rollback tax laws, with potentially significant implications for real estate...more
2/15/2021
/ Agribusiness ,
Agricultural Land ,
Fair Market Value ,
Farms ,
Property Tax ,
Real Estate Transactions ,
Rollbacks ,
Special Assessments ,
Tax Assessment ,
Tax Exemptions ,
Tax Planning ,
Tax Reform
This article is to provide information on a little known tax exemption (“6% Exemption”) applicable to real property currently taxed at the 6% tax rate, a tax rate applicable to second homes, rentals and commercial...more