South Carolina General Assembly
116th Session, 2005-2006

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H. 3989

STATUS INFORMATION

General Bill
Sponsors: Reps. Toole, Haley, Ballentine, Cato and Frye
Document Path: l:\council\bills\gjk\20442sd05.doc

Introduced in the House on April 26, 2005
Currently residing in the House Committee on Ways and Means

Summary: Property tax reassessments

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
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   4/26/2005  House   Introduced and read first time HJ-34
   4/26/2005  House   Referred to Committee on Ways and Means HJ-34

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

4/26/2005

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

A BILL

TO AMEND SECTION 12-43-217, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO AD VALOREM PROPERTY TAX REASSESSMENTS REQUIRED EVERY FIFTH YEAR AND PROCEDURAL REQUIREMENTS IN REGARD TO REASSESSMENTS, SO AS TO FURTHER PROVIDE FOR THE CONTENTS OF VALUATION NOTICES SENT TO TAXPAYERS WITH REGARD TO REASSESSMENT.

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

SECTION    1.    Section 12-43-217 of the 1976 Code is amended by adding:

"(D)    The notice required to be furnished to a taxpayer pursuant to subsection (A) must state at a minimum:

(1)    the current fair market value for ad valorem tax purposes;

(2)    the new proposed fair market value as a result of the reassessment;

(3)    the percentage increase or decrease between the value shown in item (1) and the value shown in item (2);

(4)    the address of the property; and

(5)    the owner of record of the property as shown on the county tax assessor's records."

SECTION    2.    This act takes effect upon approval by the Governor.

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