South Carolina Code 12-37-260. Exemption for holders of life estate; application of Section 12-37-250
Current as of: 2023 | Check for updates
|
Other versions
Exemption for holders of a life estate as provided for in § 12-37-250 shall be effective for real property tax purposes for the 1972 tax year provided that such holders make application to the county auditor on or before May 1, 1972.
Nothing herein shall affect the exemptions otherwise granted.
Terms Used In South Carolina Code 12-37-260
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
The provisions of § 12-37-250 shall apply to life estates created by will and also to life estates otherwise created which were in effect on or before December 31, 1971.