South Carolina Code of Regulations › Chapter 117 - DEPARTMENT OF REVENUE › Article 37 - PROPERTY TAX REGULATIONS › Section 117-1740.3 - General Requirements for Appraisal Records

Current through Register Vol. 48, No. 6, June 28, 2024
Section 1. For the purposes of valuing
			 property for ad valorem tax purposes, each county in the State shall keep the
			 necessary records on all property to value such property in accordance with the
			 laws of this State. The information required to be kept includes, but is not
			 limited to, the information provided in Section 2, as well as any other
			 information the Department of Revenue directs.
Section 2. There shall be a property
			 appraisal record for each parcel of property in the county which shall contain
			 the following information.
1. The name and
			 address of the owner of the property;
2. the location of the property;
3. the Tax Map reference number for the
			 property;
4. the Tax District where
			 the property is located;
5.
			 references to the last previous owner with deed book and page if obtained by
			 deed or the proper legal reference as to how the property was obtained, if
			 obtained by another method;
6. a
			 legal description of the property;
7. the appraised value of the
			 property;
8. the assessed value of
			 the property;
9. the plat book and
			 page if the property has been recorded with the Clerk of the Court or the
			 Register of Mesne Conveyance. In addition, the date of the last transfer of the
			 property shall be listed along with the consideration paid or the amount of any
			 deed stamps or recording fees paid with respect to the transfer of the
			 property;
10. the date of
			 inspection;
11. the classification
			 of the property according to the classifications provided in Article X,
			 Section1 of the South Carolina Constitution and Chapter 43, Title 12 of the
			 South Carolina Code of Laws;
12.
			 the topography characteristics of the land;
13. land improvements such as water, sewer,
			 gas and electricity;
14. lot size
			 to the nearest foot;
15. if listed
			 in acreage, the number of acres;
16. a sketch, or dimensions of the real
			 property improvements which contribute value, listing the measurements, number
			 of stories, basement, porches, garages, outbuildings and other similar types of
			 real property improvements;
17.
			 calculation of the square footage of the real property improvements;
18. the name of the individual who appraised
			 the property.
19. The following
			 characteristics will be identified as to their type, condition, and number,
			 whichever is applicable; foundation, basement, walls, roof, number of stories,
			 number of bedrooms, fireplaces (including number thereof), garages and
			 carports, storage rooms, types of heating and air conditioning, insulation, and
			 kitchen built-ins.
20. For
			 commercial and industrial property not assessed by the department the following
			 characteristics should also be noted: type of wiring, type of sprinkler system,
			 capacity of heating and air conditioning, humidification, type of roof
			 structure, type of roof supports, eve height of improvements, annual rent
			 received, and estimated remaining economic life.
21. The Assessor shall keep a record of the
			 market value of agricultural property based on highest and best use and actual
			 use for a period of at least six years, so that if the use should change, the
			 property taxes can be calculated based on the market value for the year of the
			 change and the previous five years.