When real property valued and assessed as agricultural property is changed to a use other than agricultural it is subject to additional taxes, referred to as rollback taxes. Rollback taxes are calculated on the difference between what was paid under agricultural use verses what would have been paid as nonagricultural property. The rollback taxes can be applied to the property for the preceding five (5) years.
Reference: S.C. Code of Laws 12-43-220
Last modified: December 19, 2019