South Carolina Code 5-3-235. Assessed value of any single freeholder’s real property not to exceed twenty-five percent of assessed value of existing municipality; exceptions
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Terms Used In South Carolina Code 5-3-235
- municipality: as used in this chapter shall be construed to mean any incorporated city or town located within this State. See South Carolina Code 5-3-290
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Except when the procedures for an annexation provided for in Sections 5-3-100, 5-3-110, 5-3-120, 5-3-130, 5-3-140, and 5-3-150 are followed, the assessed value of real property of any single freeholder to be annexed, as defined in § 5-3-240, shall not at the time of a proposed annexation exceed twenty-five percent of the assessed value of real property of the existing area of a municipality.