South Carolina

SOUTH CAROLINA

South Carolina

State Characteristics
Assessment Ratio: Real Estate is 6.0% and Personal Property is 10.5%
Fiscal Tax Year: 1/1-12/31
Valuation Authority: County
Collection Authority: City, Town & County
Level One Appeal Name: Formal Assessor Appeal
RE Rendition Required: No
PP Rendition Required: Yes
Consultant Certification or Licensing: State Certified General Real Estate Appraiser to appeal at all levels
Real Estate Taxable? Yes
Personal Property Taxable? Yes
Inventory Taxable? Yes

Key Tax Dates – Real Estate
Assessment Date: Dec 31
Appeal Deadline: Jan 14                               Or 90 days after notice issued
Value Notices Issued: June-July Varies by Jurisdiction
Tax Bills Due: Jan 15

Key Tax Dates – Personal Property
Assessment Date: Jan 1               Or fiscal close date
Tax Returns Due: Apr 30              Or 120 days from fiscal close date, Inventory Exempt
Tax Bills Due: Jan 15                       Due Jan 15 of following year

 

* The accuracy of the calendar is not guaranteed and is to be used as a broad guideline. We encourage you to contact PPTOG to verify this information.

With the income approach, we compare market revenues, occupancies, expenses, and capital costs and apply a market capitalization rate to the net operating income. This value indication typically supports either or both the cost and sales approaches. This approach establishes a benchmark, since we can rely on the accuracy of the client’s supplied financials.

Share by: