South Carolina Property’s New Conditions Trigger Tax Assessment

A land subdivision and partial sale wasn’t an “assessable transfer of interest” for the original owner’s retained land, but did create a “changed condition” that required an updated property tax valuation, a South Carolina tribunal held.

An ATI requires a transfer of an existing interest in real property. But HP 2000DI LLC never sold or conveyed any interest in the disputed 20-acre parcel that it kept after the land was subdivided, Administrative Law Judge S. Phillip Lenski of the South Carolina Administrative Law Court held.

A separate portion that the owner sold, which previously was part of the disputed property, ...