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H 4226 - Reduces the property tax assessment ratio on commercial properties from six to five percent

Tracking Level: Of Interest
Sponsor: Thomas Pope (R)
Last Action: 5/26/2015 - House - Referred to Committee on Ways and Means
House Committee:
Assigned To:
Property TaxesNext Bill

Staff Analysis of the Legislation

Summary of the bill as introduced: Reduces the property tax assessment ratio on commercial and other applicable real properties from six to five percent.

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Session 121 - (2015-2016)Printer Friendly
(pdf format)
H 4226 General Bill, By Pope, Stringer, Herbkersman, Felder, Thayer, Merrill, Finlay, Newton, Crosby, Horne, Corley, Long and Lowe
Summary: Property Tax Assessments
    A BILL TO AMEND SECTION 12-43-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE CLASSIFICATION OF PROPERTY AND THE APPLICABLE ASSESSMENT RATIOS FOR PURPOSES OF IMPOSITION OF PROPERTY TAX, SO AS TO REDUCE THE ASSESSMENT RATIO ON COMMERCIAL AND OTHER APPLICABLE REAL PROPERTY FROM SIX PERCENT OF VALUE TO FIVE PERCENT OF VALUE.
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05/26/15House Introduced and read first time (House Journal-page 13)
05/26/15House Referred to Committee on Ways and Means (House Journal-page 13)



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