H 4714 Joint Resolution, By Knotts, Bailey, Battle, Bauer, Bowers, Campsen, 
Chellis, Cotty, Dantzler, Davenport, Easterday, J.G. Felder, Fleming, Hamilton, 
Harrison, J. Hines, Inabinett, Koon, Law, Leach, Lloyd, Mason, McCraw, 
J.D. McMaster, Neilson, Quinn, Rice, Riser, Rodgers, Sharpe, Simrill, J. Smith, 
R. Smith and Whatley
 A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 1(3), ARTICLE X OF THE
 CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO PROPERTY TAXATION AND
 ASSESSMENT RATIOS FOR PROPERTY, SO AS TO ALLOW THE ASSESSMENT OF A SECONDARY
 RESIDENCE AT THE RATE OF FOUR PERCENT OF ITS FAIR MARKET VALUE WHEN IT IS A
 LEGAL RESIDENCE AND SECONDARY DOMICILE OF THE OWNER-OCCUPANT.

   02/26/98  House  Introduced and read first time HJ-6
   02/26/98  House  Referred to Committee on Ways and Means HJ-6

A JOINT RESOLUTION

PROPOSING AN AMENDMENT TO SECTION 1(3), ARTICLE X OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO PROPERTY TAXATION AND ASSESSMENT RATIOS FOR PROPERTY, SO AS TO ALLOW THE ASSESSMENT OF A SECONDARY RESIDENCE AT THE RATE OF FOUR PERCENT OF ITS FAIR MARKET VALUE WHEN IT IS A LEGAL RESIDENCE AND SECONDARY DOMICILE OF THE OWNER-OCCUPANT.

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

SECTION 1. It is proposed that Section 1(3), Article X of the Constitution of this State be amended to read:

"(3) The legal residence and not more than five acres contiguous thereto shall be taxed on an assessment equal to four percent of the fair market value of such property. This assessment ratio may apply to both the principal and secondary domiciles of the owner-occupant."

SECTION 2. The proposed amendment must be submitted to the qualified electors at the next general election for representatives. Ballots must be provided at the various voting precincts with the following words printed or written on the ballot:

"Must Section 1(3), Article X of the Constitution of this State relating to property taxation and assessment ratios for property be amended so as to allow the assessment of a secondary residence at the rate of four percent of its fair market value when it is a legal residence and secondary domicile of the owner-occupant?

Those voting in favor of the question shall deposit a ballot with a check or cross mark in the square after the word 'Yes', and those voting against the question shall deposit a ballot with a check or cross mark in the square after the word 'No'."