Property Valuation
Which South Carolina property type uses an assessment ratio of 6%?
AOwner-occupied primary residence
BInvestment residential property (rental) or second home✓ Correct
CAgricultural land under active use
DExempt nonprofit property
Explanation
Investment residential properties (non-owner-occupied rentals) and second homes in South Carolina are assessed at 6% of fair market value, compared to 4% for primary residences.
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