S*0396(Rat #0348, Act #0298 of 1998)  General Bill, By J.V. Smith and 
Leatherman
 A BILL TO AMEND SECTION 12-60-2510, AS AMENDED, CODE OF LAWS OF SOUTH
 CAROLINA, 1976, RELATING TO CONTENTS OF PROPERTY TAX ASSESSMENT NOTICES, SO AS
 TO DELETE THE REQUIREMENT THAT THE NOTICE CONTAIN THE PERCENTAGE INCREASE OVER
 THE PRIOR MARKET VALUE IF THERE WAS NO CHANGE IN USE OR CHARACTERISTICS.

   02/20/97  Senate Introduced and read first time SJ-3
   02/20/97  Senate Referred to Committee on Finance SJ-3
   03/26/97  Senate Committee report: Favorable Finance SJ-17
   04/01/97  Senate Read second time SJ-16
   04/01/97  Senate Ordered to third reading with notice of
                     amendments SJ-16
   01/20/98  Senate Read third time and sent to House SJ-22
   01/21/98  House  Introduced and read first time HJ-9
   01/21/98  House  Referred to Committee on Ways and Means HJ-10
   04/08/98  House  Committee report: Favorable Ways and Means HJ-17
   04/14/98  House  Read second time HJ-32
   04/15/98  House  Read third time and enrolled HJ-18
   05/21/98         Ratified R 348
   05/28/98         Became law without Governor's signature
   05/28/98         Effective date 05/28/98
   06/10/98         Copies available
   06/10/98         Act No. 298

AN ACT TO AMEND SECTION 12-60-2510, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CONTENTS OF PROPERTY TAX ASSESSMENT NOTICES, SO AS TO DELETE THE REQUIREMENT THAT THE NOTICE CONTAIN THE PERCENTAGE INCREASE OVER THE PRIOR MARKET VALUE IF THERE WAS NO CHANGE IN USE OR CHARACTERISTICS.

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

Contents of property tax assessment notice

SECTION 1. Section 12-60-2510(A)(1) of the 1976 Code, as last amended by Act 431 of 1996, is further amended to read:

(1) In the case of property tax assessments made by the county assessor, whenever the assessor increases the fair market or special use value in making a property tax assessment by one thousand dollars or more, or whenever the first property tax assessment is made on the property by a county assessor, the assessor, by July first in the year in which the property tax assessment is made, or as soon after as is practical, shall send the taxpayer a property tax assessment notice. In years when real property is appraised and assessed under a county equalization program, substantially all property tax assessment notices must be mailed by February first of the implementation year. In these reassessment years, if substantially all of the tax assessment notices are not mailed by February first, the prior year's property tax assessment must be the basis for all property tax assessments for the current tax year. A property tax assessment notice under this subsection must be in writing and must include:

(a) the fair market value;

(b) the special use value, if applicable;

(c) the assessment ratio;

(d) the property tax assessment;

(e) the number of acres or lots;

(f) the location of the property;

(g) the tax map number; and

(h) the appeal procedure.

Time effective

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

Became law without the signature of the Governor -- 05/28/98.