Commercial Real Property Tax Exemption

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 higher.

ELIGIBILITY:
This exemption may apply to properties that:
Are taxed at a 6% assessment for the year in which the exemption is granted.
And - Have experienced a value increase due to an Assessable Transfer of Interest for tax years 2011 forward.
And - 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.

CERTIFICATION and SIGNATURE:
I understand that if at any time the property is re‐classified to something other than a 6% classification this exemption is removed and does not apply. Should the property be re‐classified to 6% in subsequent years, the exemption cannot be re‐claimed unless there is another Assessable Transfer.

Initial
Present Classification:
Tax Year:
Owner name:
First Last
Mailing address
Street Address Address Line 2 City State ZIP Code
Tax Map Number
If you do not know your TMS or decal #, you can search for it here
Property address
Street Address Address Line 2 City State ZIP Code
Phone Number
Applicant Email*
File Upload
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Date
Date Format: MM slash DD slash YYYY
Consent
I understand that under penalty of law, I hereby certify that the information given herein is correct and true to the best of my knowledge and belief.
Signature
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Commercial Real Property Tax Exemption

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