Transfer Of TitleTaxesHARD
South Carolina residential property assessment ratio is:
Correct Answer
B) 4% of market value for owner-occupied
Owner-occupied residential property in South Carolina is assessed at 4% of market value.
Answer Options
A
100% of market valueB
4% of market value for owner-occupiedC
50% of market valueD
10% of market valueVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
property-tax-calculationsouth-carolina-property-lawassessment-ratios-by-statehomestead-exemptionproperty-tax-appeals
Key Terms:
assessment ratioowner-occupiedlegal residenceSouth Carolina property taxSC Code § 12-43-220
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