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Pickens. sc.us County Auditor R. Brent Suddeth RENTAL RETURN INSTRUCTIONS South Carolina law requires that a return on personal property used in a business or rental property be made to the County Auditor between January 1 and April 30 of each tax year. 2. Accumulated Depreciation Deduct the Total Accumulated Income Tax Depreciation. 3. 10 of all items Depreciated more than 90 Add 10 of the cost of all items which have been depreciated more than 90 4. Total Value Total Acquisition cost less depreciation plus 10 cost of all items depreciated THERE ARE NO PROVISIONS FOR EXTENSIONS FOR FILING BUSINESS PERSONAL PROPERTY RETURNS. IF YOU FAIL TO FILE A RETURN YOUR BILL WILL BE BASED ON AN ESTIMATE USING THE BEST INFORMATION AVAILABLE. FAILURE TO FILE OR LIST PROPERTY SECTION 12-54-44 PROVIDES A PERSON WHO WILFULLY ATTEMPTS IN ANY MANNER TO EVADE OR DEFEAT A TAX OR PROPERTY ASSESSMENT IMPOSED BY A TITLE ADMINISTERED BY THE DEPARTMENT OR THE PAYMENT OF THAT TAX OR PROPERTY ASSESSMENT IN ADDITI....

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"Tangible Personal Property" means personal property which may be seen, weighed, measured, felt, touched or which is in any other manner perceptible to the senses.

There is a 40% assessment ratio across the state, which means taxpayers are taxed on 40% of the fair market value of their assets, unless otherwise specified by a particular jurisdiction. Some jurisdictions, typically cities, tax at 100% or the fair market value.

Summary. Business Personal Property Tax (BPP) is a tax on the furniture, fixtures, and equipment that are owned and used in a business. Any assets that are claimed on the business' income taxes should be reported on the BPP tax return.

Overview of Georgia Taxes In general, property taxes in Georgia are relatively low. The median real estate tax payment in Georgia is $2,027 per year, about $800 less than the national average. The average effective property tax rate in Georgia is 0.81%.

To be granted a homestead exemption: A person must actually occupy the home, and the home is considered their legal residence for all purposes. Persons that are away from their home because of health reasons will not be denied homestead exemption.

What rate do you tax my furniture, fixtures, and equipment? Business Personal Property is taxed at 10.5% of your net depreciated value.

The Horry County Auditor's Office is responsible for the collection and processing of Personal Property Returns (Form PT-100). If you owned a property in Horry County on December 31st of the prior year and this was not your legal residence, you are required to complete and submit a Personal Property Return.

Motor vehicles purchased on or after 1 March 2013 are exempt from property taxes. The annual tax is replaced with a one-time state and local Title Ad Valorem Tax paid when the ownership of the vehicle is transferred. These revenues are shared with the state, county, school district and cities.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232