Assessable transfer of interest (ATI) means a transfer of an existing interest in real property that subjects the real property to appraisal (revalued at a more current date of value in between reassessments). For purposes of this definition, an existing interest in real property includes life estate interests. A nonexclusive list of events that constitute an ATI is provided in South Carolina Code of Laws 12-37-3150.
Reference: S.C. Code of Laws 12-37-3130 & 12-37-3135
Last modified: December 19, 2019