About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

LOG IN
LOG IN


2020 Op. S.C. Att'y Gen. 1 (2020)

handle is hein.sag/sagsc0162 and id is 1 raw text is: ALAN WILSON ATTORNEY GENERAL January 10, 2020 The Honorable Bart T. Blackwell Member South Carolina House of Representatives District No. 81 Post Office Box 6658 Aiken, SC 29804 Dear Representative Blackwell: Attorney General Alan Wilson has referred your letter to the Opinions section. Your letter references a prior opinion this Office issue on March 04, 2019 (attached for reference) regarding golf course valuation under S.C. Code § 12-43-365. The questions raised by your constituent appear to seek clarification to the issues addressed therein. Your constituent asks the following: 1. If an assessor determines the fair market value of golf course property utilizing an appraisal method other than the capitalized income approach, is S.C. Code § 12-43-365 applicable to other methods? 2. Upon determination of fair market value by an assessor, does S.C. Code 12- 43-365 require an assessor to exclude income or expense derived from personal property when calculating the proper assessed ad valorem tax value? 3. If an assessor fails to exclude income and expenses derived from personal property in calculation affair market value and does not adjust ad valorem tax value accordingly, does this constitute a violation of S.C. Law? Law/Analysis The responses to the questions presented in the request letter are answered in the order - presented below. REMBERT C. DENNIS BUILDING o PosT OFFICE Box 11549 + COLUMBIA, SC 29211-1549 a TELEPHONE 803-734-3970 . FACSIMILE 803-253-6283