South Carolina law now allows a partial exemption from taxation of up to 25% of an “ATI fair market
value” that is the result of an Assessable Transfer of Interest. The exemption allowed results in a
“taxable value” of 75% of the “ATI fair market value” or the previous fair market value, whichever is
This exemption may apply to properties that:
Are taxed at a 6% assessment for the year in which the exemption is granted.
Have experienced a value increase due to an Assessable Transfer of Interest for tax years 2011 forward.
This exemption only applies if the property owner or their agent applies on or before January 30th of the
year in which the exemption is first applied.
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