4:16 pm on Tuesday February 9, 2010
| Posted by Ken Hawkins
Bill to lower cost of commercial property sales once again moving
Presently when a commercial or second-home property home is sold there can be a sizable tax hike as the property becomes reassessed at its full value -- a situation that was created in 2006 when South Carolina's Legislature moved to insulate primary home sales.
Well a long sough-after amendment to the policy that would insulate commercial and second-home buyers is once again moving through the S.C. Senate; the Charleston Regional Business Journal has the details on what's up.