May
19

Today’s REALTOR® Rally and Press Conference

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Today, South Carolina REALTORS® will host a REALTOR® legislative day at the Statehouse specifically focused on Point of Sale reform. SCR will host a rally on the steps of the Statehouse, a press conference, Real Talk with REALTORS® and legislators, and a BBQ lunch for REALTORS® and legislators on the Statehouse grounds.

Lawmakers will see REALTORS® from every corner of the state rallying together to fix our broken property tax system. The state’s top real experts will explain our real estate markets are suffering from inequitable and unfair tax laws.

In 2006, the General Assembly enacted property tax reform that provided for point of sale assessments. Now, property is reassessed each time it is transferred, based on the sales price. Regrettably, this has created serious inequities in the real estate market. This is driving real estate investors out of our state, while businesses considering locating in South Carolina are choosing our neighboring states.

South Carolina REALTORS® support H.3272, legislation addressing point of sale assessment. The bill caps point of sale reassessment at 15% and uses that value as the baseline for the next countywide reassessment cycle. H.3272 has passed the House and the Senate Finance Committee. It was set for Special Order and awaits second reading on the Senate Calendar.

12:00 pm
REALTOR® Rally & Press Conference • S.C. Statehouse Steps (Facing Gervais Street)
1:00 pm – 3:00 pm
BBQ lunch for REALTORS® & Legislators • Statehouse Grounds, between Gressette and Blatt Buildings
3:00 – 4:00 pm
Real Talk with REALTORS® & Wrap-up Session • Blatt Building Room 101

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