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H 3362 -	Requires the General Assembly to provide a definition of fair market value

Tracking Level:

Of Interest

Sponsor:

Christopher Hart (D)

Last Action:

1/20/2015 - House - Referred to Committee on Ways and Means

House Committee:

Assigned To:

Staff Analysis of the Legislation
Summary of the bill as introduced: Proposes an amendment to the state constitution to require the General Assembly to provide a definition of 'fair market value' for real property for the purpose of property taxes, eliminates the 15 percent value cap and eliminates the point of sale.

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