Lancaster county south carolina property search

Please enable JavaScript in your browser for a better user experience. Jump to subpage Definition of Agricultural Real Property Agricultural real property shall mean any tract of real property which is used to raise, harvest or store crops, feed, breed, or manage livestock, or to produce plants, trees, fowl, or animals useful to man, including the preparation of the products raised thereon for man's use and disposed of by marketing or other means.

Lancaster County, SC real estate prices overview

The tract is contiguous to another timberland tract of at least five acres. The tract is under the same management system as another qualifying timberland tract.

The tract is owned in combination with non-timberland tracts that qualify as agricultural real property. Non-timberland cropland tracts must be at least 10 acres.

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Is there a tax break for agricultural property? Yes, SC Law provides for a substantial tax break on agricultural real property which is actually used for a bona fide agricultural use. There are two parts to this benefit. First, if qualified, the property's taxable value is based on "Use Value", which is less than the property's "Market Value".

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The "Use Value" is based on the productive capability of the soil type or types of the property. What must an agricultural real property owner do to get this tax benefit?

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Multiply the Market Value X. Find the current Assessed Value of subject property.

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Multiply this difference by the Millage Rate, for each tax year being rolled back on. Note: Rollback tax estimates should be computed for five 5 years. Start with year property was split, and work backward four 4 years.

Lancaster County, SC real estate prices overview

Applications are timely filed. Year Built. New Construction. MLS Number.

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