South Carolina General Assembly
105th Session, 1983-1984

Bill 649


                    Current Status

Bill Number:               649
Ratification Number:       417
Act Number:                366
Introducing Body:          Senate
Subject:                   Relating to the classification of
                           property qualifying for the homestead
                           exemption pursuant to Section 12-37-250, Code
                           of Laws of South Carolina, 1976 (taxpayers
                           sixty-five or over, totally and permanently
                           disabled, or legally blind), as
                           residential
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A366, R417, S649)

AN ACT TO AMEND ACT 332 OF 1980, AS AMENDED, RELATING TO THE CLASSIFICATION OF PROPERTY QUALIFYING FOR THE HOMESTEAD EXEMPTION PURSUANT TO SECTION 12-37-250, CODE OF LAWS OF SOUTH CAROLINA, 1976 (TAXPAYERS SIXTY-FIVE OR OVER, TOTALLY AND PERMANENTLY DISABLED, OR LEGALLY BLIND), AS RESIDENTIAL, SO AS TO PROVIDE FOR THE INCLUSION OF AGRICULTURALLY CLASSIFIED LANDS IN SUCH HOMESTEAD EXEMPTION.

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

Classification of property

SECTION 1. Section 1 of Act 332 of 1980 is amended to read:

"Section 1. Notwithstanding any other provision of law, property that qualifies for the homestead exemption pursuant to Section 12-37-250 of the 1976 Code is classified and taxed as residential on an assessment equal to four percent of the property's fair market value. Any agriculturally classified lands that are a part of the homestead must be taxed on an assessment equal to four percent of the lands' value for agricultural purposes. The county auditor shall notify the county assessor of the property so qualifying and no further application is required for such classification and taxation."

Time effective

SECTION 2. This act upon approval by the Governor shall be effective for the tax year beginning January 1, 1983, and each year thereafter.