Current Status Introducing Body:Senate Bill Number:577 Primary Sponsor:Passailaigue Committee Number:06 Type of Legislation:GB Subject:Uniform property tax assessments Residing Body:Senate Current Committee:Finance Computer Document Number:JIC/5670HC.93 Introduced Date:19930323 Last History Body:Senate Last History Date:19930323 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Passailaigue Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
____ ______ ____________ ______________________________ ___ ____________
577 Senate 19930323 Introduced, read first time, 06
referred to Committee
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TO AMEND SECTION 12-43-210, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO UNIFORM AND EQUITABLE PROPERTY TAX ASSESSMENTS, SO AS TO REQUIRE THE TAX COMMISSION TO DIVIDE COUNTIES INTO THREE APPROXIMATELY EQUAL ASSESSMENT SUBDIVISIONS BASED ON THE NUMBER OF TAXABLE PARCELS, TO REQUIRE ANNUAL ROTATING REASSESSMENT OF EACH SUBDIVISION AND THE EQUALIZATION OF VALUE IN THE OTHER SUBDIVISIONS, TO REQUIRE ALL PARCELS IN THE REASSESSED SUBDIVISION TO BE REVIEWED PHYSICALLY, TO PROVIDE FOR THE WITHHOLDING OF A PORTION OF STATE AID TO SUBDIVISION FUNDS TO A COUNTY NOT IN COMPLIANCE, AND TO REQUIRE THE TAX COMMISSION TO CONDUCT A STUDY ON THE PERSONNEL NEEDS OF COUNTY ASSESSORS TO IMPLEMENT THIS AMENDMENT SCHEDULE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-43-210(B) of the 1976 Code, as last amended by Act 381 of 1988, is further amended to read:
"(B) No reassessment program may be implemented in a county unless all real property in the county, including real property classified as manufacturing property, is reassessed in the same year.
(B)(1) For reassessment purposes, the commission shall subdivide counties into three approximately equal assessment subdivisions based on the number of parcels. Each year, the county shall conduct on a rotating basis a reassessment program in one subdivision. The resulting level of appraisal of the reappraised subdivision must be used to equalize the level of appraisal in the remaining subdivisions. All parcels in a subdivision up for reappraisal must be reviewed physically.
(2) The reappraisal schedule of this section applies to all real property in the county, including manufacturing real property.
(3) If the commission determines that a county has failed to meet the reappraisal requirements of this section, it shall notify the State Treasurer, in writing, who shall withhold twenty percent of distribution to the county under Chapter 27 of Title 6, the State Aid to Subdivision Act. This withholding must continue until the commission determines that the county is in compliance and so notifies the State Treasurer, who shall then release the withheld funds. A county may appeal the determination to withhold to the commission, and if aggrieved by the commission's ruling, to the court of common pleas."
SECTION 2. The South Carolina Tax Commission shall conduct a study of each county to determine personnel requirements it shall recommend for each county assessor's office for the purpose of implementing the provisions of Section 12-43-210(B) of the 1976 Code as amended by this act. The study must be completed by May 1, 1994.
SECTION 3. The provisions of Section 12-43-210(B) of the 1976 Code as amended by this act apply beginning for the tax year succeeding the year a county implements a countywide reassessment and equalization program after 1993. All counties must implement such a program no later than 1996.
SECTION 4. This act takes effect upon approval by the Governor.