2014 Reassessment Program
The 2014 Reassessment Notice that you received in the mail this February was not your tax bill. It was a notice to advise you that, due to the countywide reassessment program that occurrs every 5th year, the market value of your property had increased by a sum of more than $1,000. Your taxes will not be calculated until October 2014, when the milliage rate is set by County Council. However, until then, here is a link to the Property Tax Estimate Screen that will allow you to estimate your 2014 real property taxes, based on the 2014 taxable value and using the most current millage from 2013. Real Property Tax Estimate
Click here for a graphical explanation of the reassessment notice
Click here for a more detailed guide
Reassessment and State Law - Section 12-43-217
The Richland County Assessor’s office is mandated by South Carolina Code of Law, section 12-43-217 to reassess all property in the County every five years. This reassessment will occur in 2014. Of the 170,000 plus properties, there will be those properties whose market value will increase by a sum greater than $1,000. Therefore, in accordance with State law, we will send a Notice of Classification, Appraisal and Assessment of Real Estate on or before the end of March 2014.
The South Carolina Real Property Valuation Act of 2006 mandates a 15 percent cap on all property, except if there has been an assessable transfer of interest beginning after 2006.
For more detailed information and to provide answers to many questions that you may have, we have prepared "Your Guide to the 2014 Reassessment Program".