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Instructions. Select the correct assessment ratio from the Assessment Ratio drop down: 4% for a primary residence, 6% for a non-primary residence or other real property or a motor vehicle, 10.5% for personal property.
The Homestead Exemption is a complete exemption of taxes on the first $50,000 in Fair Market Value of your Legal Residence for homeowners over age 65, totally and permanently disabled, or legally blind.
The high mileage chart is determined by the South Carolina Department of Revenue. Taxpayers may appeal the appraised value of a vehicle for high mileage if the vehicle averages over 15,000 miles, annually, based on the age of the vehicle (total miles divided by age of vehicle).
Up to 5 acres and one dwelling may qualify for the exemption. If approved, the exemption will be allocated at 4% for the residence or the owner-occupied unit of a duplex/triplex. Additional residences, units, and/or excess acreage will be taxed at 6%.
All other motor vehicles are assessed at 10.5%. When are vehicle taxes due? Personal property taxes on motor vehicles and recreational vehicles must be paid before a license plate can be issued or renewed. Taxes are due in the month corresponding to a vehicle registration date.

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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 either 75% of the ATI fair market value or the current fair market value, whichever is higher.
By default, under the South Carolina constitution, properties are assessed at 6% of market value (or taxable value if the property value is capped). Upon application and approval, properties that qualify for the 4% Legal Residence exemption can be assessed at 4% of market value or taxable value.
Valuation and Assessment The fair market value is then assessed at rates established in the State Constitution. For manufacturers, real and personal property are both assessed at 10.5%. The assessment ratio for all other businesses is 6% for real property and 10.5% for personal property.

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