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realprop: Removal or Change of 4% Legal Residence, notice by Owner

NOTE: BEFORE YOU BEGIN, PLEASE MAKE SURE YOU HAVE ACCESS TO A DOCUMENT SCANNER OR SOME WAY TO UPLOAD REQUIRED DOCUMENTS TO THE APPLICATION. THE APPLICATION MUST BE COMPLETED IN ONE SESSION, YOU WILL NOT HAVE THE OPTION TO SAVE AND RETURN LATER TO COMPLETE.

IF YOU DO NOT HAVE A WAY TO UPLOAD YOUR DOCUMENTS, PLEASE VISIT OUR OFFICE FOR FURTHER ASSISTANCE.

This form is used by the owner of the property to notify the Assessor of a change in use or classification that may require removal or modification of the already approved 4% Legal Residence Exemption. If the owner does not notify the Assessor of the change; back taxes and substantial penalties will apply.
TMS of property to be changed*

If you do not know your TMS or decal #, you can search for it here
Address of property to be changed
Street Address Address Line 2 City State ZIP Code
New Mailing Address OR Confirm Mailing Address
Street Address Address Line 2 City State ZIP Code
Date Moved (if applicable)
MM slash DD slash YYYY
Reason for removal*
Date property made available for rental*
MM slash DD slash YYYY
Hidden
*Other reason for removal OR change:

*Other examples of reasons the property may no longer qualify including but not limited to: relocating, renting the property, marriage, operating a business out of the property, owner or spouse declaring residency in another state, claiming an exemption in another state, claiming 4% elsewhere in South Carolina.
S.C. Code Ann. 12-43-220(c)(vi) states “No further applications are necessary from the current owner while the property for which the initial application was made continues to meet the eligibility requirements. If a change in ownership or use occurs, the owner who had qualified for the special assessment ratio allowed by this section shall notify the Assessor of the change in classification within six months of the change. Another application is required by the new owner to qualify the residence for future years for the four percent assessment ratio allowed by this section.

S.C. Code Ann. 12-43-220(c)(vii) further states “If a person signs the certification, obtains the four percent assessment ratio, and is thereafter found not eligible, or thereafter loses eligibility and fails to notify the assessor within six months, a penalty is imposed equal to one hundred percent of the tax paid, plus interest on that amount at the rate of one-half percent a month, but in no case less than thirty dollars nor more than the current year’s taxes. This penalty and any interest are considered ad valorem taxes due on the property for purposes of collection and enforcement.”

S.C Code Ann. 12-43-220(c)(2) states in part…” If the Assessor determines the owner-occupant ineligible, the six percent property tax assessment ratio applies, and the owner-occupant may appeal the classification as provided in Chapter 60 of this title.”

S.C. Code Ann. 12-43-220(e) states in part…” All other real property not herein provided for shall be taxed on an assessment equal to six percent of the fair market value of such property.”
Owner Name*
First Last
Owner Phone
Owner Email*
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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realprop: Removal or Change of 4% Legal Residence, notice by Owner

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