Mar
27

Bill to End Reassessment Moves Ahead

By
– SCbizmag.com

The S.C. House will have a chance to debate a bill to end immediate reassessment of properties at their sale price, after it passed the Ways and Means Committee on Thursday.

The committee voted 17-8 to pass the amendment after discussion about how much the reassessments have contributed to the state’s real estate downturn.

The bill would put off reassessments until the county’s regular five-year cycle. Real estate experts have complained that the immediate reassessments to the sale price have brought a huge jolt, since the actual price has often been far above the last assessment on the books.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.scbizmag.com/content/view/113092/1/

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    Categories : South Carolina News

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