SCR is supporting a commercial taxpayer lawsuit against the government which denied the commercial property tax valuation discount to a taxpayer based on the government’s interpretation of the statute which the taxpayer’s lawyers disagree was correct. (e.g. Nick’s law, 25% discount).
Commercial buyers who are in the same situation should obtain legal counsel asap and file a protective claim for the tax valuation discount so that the years before the court case is finally settled by the SC Supreme Court in a future year will also be discounted eventually if the taxpayer prevails.
SCR is providing a friend of the court brief in the appeal case.
Years ago, SCR supported a law which partially cured some Act 388 issues for commercial taxpayers (e.g. roughly a 25% discount on the property tax valuation with some parameters). This law is the subject of the lawsuit.
The law contains an administrative based January 30th deadline to apply for the discount.
The government argues that missing the deadline means the valuation disappears forever.
The taxpayer argues that missing the deadline means the valuation disappears until another filing is made prior to January 30th in a future year.
Posted by: Byron King on 06/12/19 (This information is only accurate as of 06/12/19. You must contact SCR for updates and changes to this information after 06/12/19 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)