Jan
07

Deadline to Appeal Real Property Assessment is Approaching

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Property owners have until January 15th to submit a signed Letter of Objection to the County Assessor’s Office stating why you believe the assessed value is incorrect. Note that electronic submissions of appeals and/or applications are not allowed, nor are faxed submittals acceptable. All the applications require an original signature. Therefore the original must be sent in or delivered.

The Assessor will review your letter and take one of the following actions:

1. If your letter contains enough information regarding your appeal, such as owner’s opinion of value and evidence to support that value, the Assessor’s Office will review the appraisal of your property in light of the information provided in the letter. After the review is complete, the Assessor will notify you of the results via a reassessment notice.

2. If your letter does not contain information sufficient to conduct an appraisal review, the Assessor’s Office will, within 30 days (or as soon as practical), schedule a meeting with you to discuss your concerns. The appraiser will review your property record with you and give you information about the appraisal on your property.

If your concerns cannot be resolved by the Assessor’s Office, you may appeal to the County Board of Assessment Appeals. If you disagree with the Board’s decision, you can further appeal to the S.C. Administrative Law Judge Division.

If you need assistance with appealing commercial property values in South Carolina, please contact me at mdodds@irr.com. Integra Realty Resources – South Carolina has an extensive database of comparable sales and income/expense information. This information is crucial in successfully appealing your tax value.

Michael Dodds, MAI, CCIM

 

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