Property Valuation
Under South Carolina law, a homeowner may appeal their property tax assessment to which body?
AThe SCREC
BThe county board of assessment appeals or county council✓ Correct
CThe state legislature
DThe SC Supreme Court
Explanation
Property owners can appeal assessments to the county board of assessment appeals, then to the county council or Administrative Law Court if still dissatisfied. The appeal process is important for property owners who believe their assessment is too high.
Related South Carolina Property Valuation Questions
- In South Carolina, the 'gross building area' (GBA) for a residential appraisal is measured:
- What is the 'band of investment' technique used for in South Carolina commercial appraisals?
- A South Carolina appraiser performs the income approach using a direct capitalization rate. The formula is:
- A South Carolina appraiser identifies a comparable sale that closed 18 months ago. The appraiser should:
- Effective age of a property refers to:
- A South Carolina appraiser uses the cost approach. The replacement cost new is $300,000, and total depreciation is $60,000. The land value is $50,000. What is the indicated value?
- What is 'reconciliation' in the appraisal process?
- The 'principle of change' in South Carolina real estate appraisal recognizes that:
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