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Countywide Reassessment of Real Properties Underway for 2019 Tax Year

On January 23, 2019 in County News

A state-mandated, countywide reassessment of all real properties located in Horry County is underway for tax year 2019. A reassessment ensures that property taxes are determined on an updated fair market value of properties. The Horry County Assessor’s Office is in the process of appraising all property values at fair market value as of December 31, 2018. This new value will be used for calculating property tax bills issued by Horry County during October 2019. The Assessor’s Office is responsible for determining property values, but they do not set tax rates.

Residents may notice staff and vehicles from the Horry County Assessor’s Office in their neighborhoods during the appraisal process. The Horry County Assessor's Office uses a mass appraisal system with data including information such as heated square footage, garages, decks, pools, type and quality of construction, land area, water features, and several other attributes required for the mass appraisal process. Appraisers in the field are working to confirm those data points and make updates as needed.

In September 2019, a notice of reassessment will be mailed to all property owners in Horry County whose property’s market value increases $1,000 or more as a result of reassessment. Only real property is appraised during a reassessment, which includes land and any improvements on it such as a house, outbuilding, swimming pool, or dock. During a reassessment, the Assessor’s Office will review the market values of all properties in the county. Based on changes in the real estate market, the Assessor’s Office will determine which property values need to be increased or decreased.

The South Carolina Code of Laws requires that once every five years all real property in every county within the State will be reappraised and adjusted to current fair market value as of December 31 of the year prior to implementing the reassessment. Only real property is appraised during a reassessment. Values of personal property, such as cars and boats, are adjusted on an annual basis and kept current through the Horry County Auditor’s Office at the direction of the South Carolina Department of Revenue. The purpose of a reassessment is to equalize the valuations of all real property in a county. The five-year reassessment cycle in South Carolina is an appraisal freeze, only broken on property sale or change to a property.




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