SCR assisted a 6% assessment ratio taxpayer argue that they can file for their ATI discount at any time prior to the county reassessing all properties.
The administrative deadline is before January 31 each year.
SCR assisted the taxpayer’s win in the SC Court of Appeals with a friend of the court brief filed.
Recently, the SC Supreme Court left the SC Court of Appeals decision stand which is a win for the 6% taxpayers.
Here is a link to this ATI 6% discount issue on the SCR legal FAQs page: https://www.screaltors.org/?s=ATI
Property tax = county determined millage x 6% assessment ration x (.75) property tax valuation
Posted by: Byron King on 01/23/24 (This information is only accurate as of 01/23/24. You must contact SCR for updates and changes to this information after 01/23/24 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)
This information is not legal advice. This information is intended only to provide general information and may not be relied upon as specific legal guidance. Legal counsel should always be consulted before acting in reliance on this information.