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H 3539 -	Requires a definition of fair market value for real property

Tracking Level:

Of Interest

Sponsor:

Hart

Last Action:

2/2/2011 - Referred to Committee on Ways and Means

House Committee:

Assigned To:

Staff Analysis of the Legislation
Summary of the bill as introduced: Requires the General Assembly to provide by law a definition of fair market value for real property. This bill also eliminates the 15 percent limit on increases in the value of property over 5 years and eliminates an assessable transfer of interest.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299, mail@masc.sc