Property Valuation
South Carolina's 'agricultural use value' assessment for farmland means:
AFarmland is taxed at its highest and best use
BQualifying farmland is assessed based on its value in agricultural use, not highest market value✓ Correct
CAll farmland is exempt from property taxes
DFarmland is assessed at double the residential rate
Explanation
South Carolina's agricultural use value assessment (current use assessment) taxes qualifying agricultural land based on its income-producing value as farmland, not its potential development value, making farm ownership more affordable.
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