The governing body of a county by ordinance may reduce the assessment ratio otherwise applicable in determining the assessed value of general aviation aircraft subject to property tax in the county to a ratio not less than four percent of the fair market value of the general aviation aircraft. The ordinance must apply uniformly to all general aviation aircraft subject to property tax in the county.
HISTORY: 2003 Act No. 30, Section 1, eff May 14, 2003.
Structure South Carolina Code of Laws
Chapter 43 - County Equalization And Reassessment
Section 12-43-210. Uniform and equitable assessments; rules and regulations.
Section 12-43-217. Quadrennial reassessment; postponement ordinance.
Section 12-43-222. Roll-back tax for open space.
Section 12-43-224. Assessment of undeveloped acreage subdivided into lots.
Section 12-43-225. Multiple lot discounts; eligibility.
Section 12-43-227. Valuation of homeowners' association property.
Section 12-43-232. Requirements for agricultural use.
Section 12-43-233. Agritourism uses.
Section 12-43-240. Counties shall require building permits; copies shall be furnished to assessor.
Section 12-43-250. Sales ratio studies; reassessment or remapping.
Section 12-43-285. Certification of millage rates; excessive rates.
Section 12-43-296. Preparation of budgets and carry forward of positive general fund balances.
Section 12-43-310. Article shall not affect certain contracts.
Section 12-43-320. Legislative repeal of certain rules and regulations.
Section 12-43-330. Property exempt from taxation is also exempt from assessment.
Section 12-43-340. Agricultural use application; false statement.
Section 12-43-350. Standardized tax bill.
Section 12-43-360. Assessed value of aircraft.
Section 12-43-365. Golf course valuation.
Section 12-43-370. Electronic property tax bill and receipt.