South Carolina Legislature Passes Important Point of Sale Property Tax Reform
Under current South Carolina law, counties must revalue real property every five years. The value of real property may not be increased more than 15% when revalued by the county, unless an assessable...
View ArticleSingle Member LLC Qualified for Favorable Property Tax Treatment
In a case that will have far reaching implications for many estate and financial planners, the South Carolina Supreme Court reversed the South Carolina Administrative Law Court and concluded that real...
View ArticleSouth Carolina Supreme Court Determines That Property Leased By Public...
On August 15, 2011, the South Carolina Supreme Court ruled in Clarendon County v. TYKAT, Inc. (Op. 270252011, WL 3568536) that Section 12-37-950 of the Code of Laws of South Carolina, 1976, as amended...
View ArticleSouth Carolina Property Owners Can Now Challenge Property Tax Valuations...
In what can only be considered a “game-changer” for South Carolina property owners, the South Carolina Court of Appeals in Taylor v. Aiken County Assessor, ___ S.E.2d ___, 2013 WL 1223185 (S.C. Ct....
View ArticleChallenging Your Property Tax Assessment
Property taxes are the oldest taxes levied in the United States and the only major tax imposed by all 50 states. Property taxes are the...
View ArticleSouth Carolina Property Tax Incentives: The Special Source Revenue Credit
While South Carolina has low income taxes, and comparatively low sales taxes as well, the state makes up for this by having some of the...
View ArticleSouth Carolina Economic Development Incentives: The Negotiated Fee in Lieu of...
South Carolina has some of the highest business property taxes in the Southeast. The state generally taxes land, buildings, machinery and equipment, and furniture and...
View ArticleMany South Carolina Tax Law Changes in 2016; Overall Tax Structure to be...
The South Carolina Department of Revenue (SCDOR) released its annual tax legislative update on October 10, 2016 in SC Information Letter #16-11. The guidance provides...
View ArticleSouth Carolina FILOT Taxpayers Now Required to File a New Property Tax Return...
The April 30th deadline for the calendar year South Carolina taxpayers to file their annual Form PT-300, Property Return, is fast approaching. Taxpayers subject to... The post South Carolina FILOT...
View Article
