Current Status Introducing Body:House Bill Number:4586 Primary Sponsor:Rudnick Committee Number:25 Type of Legislation:GB Subject:Property taxes, provision when decreased in value Residing Body:House Current Committee:Judiciary Computer Document Number:436/12279.DW Introduced Date:Mar 19, 1992 Last History Body:House Last History Date:Mar 19, 1992 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Rudnick Type of Legislation:General Bill
Bill Body Date Action Description CMN
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4586 House Mar 19, 1992 Introduced, read first time, 25
referred to Committee
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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 6-7-30 SO AS TO PROVIDE THAT A PERSON IS NOT REQUIRED TO PAY AD VALOREM PROPERTY TAXES ON PROPERTY WHICH, AS A RESULT OF THE DECISION OF A PLANNING COMMISSION, HAS DECREASED IN VALUE, AND TO REQUIRE THE GOVERNING BODY OF A COUNTY OR MUNICIPALITY IN WHICH THE PROPERTY IS LOCATED TO HEAR HIS CLAIM WITHIN SIXTY-DAYS AND DECREASE THE AD VALOREM TAXES ON THE PROPERTY IF IT FINDS THE PROPERTY VALUE HAS BEEN DECREASED.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The 1976 Code is amended by adding:
"Section 6-7-30. (A) If the value of the real property of a person is decreased as a result of a decision by a planning commission, the owner of the property may petition the governing body of the county or municipality, depending on where the property is located. If the property is located within a municipality, the governing body of the municipality must hear the petition of the property owner. If the property is located in an unincorporated area, the governing body of the county must hear the petition of the property owner. The governing body has sixty days from the date of the request to hear reasons why the property owner believes the value of his property has been decreased. The hearing must be open to the public.
(B) If the appropriate governing body finds that the property value has been decreased, the real property ad valorem taxes on that property must be decreased to reflect the decreased property value."
SECTION 2. This act takes effect upon approval by the Governor.