Alert: 6% purchaser should file ATI discount paperwork at tax assessor before January 30 each year.
Recommend the 6% purchaser obtain legal/tax counsel asap.
There is a court case on this issue that may alleviate this issue in the future, but not now.
To learn more about 6% ATI assessable transfer of interest discount form, view this video starting at the 3 minute mark:
https://www.youtube.com/watch?v=usvx4M23qEo&t=518s
Posted by: Byron King on 1/29/20 (This information is only accurate as of 1/29/20. You must contact SCR for updates and changes to this information after 1/29/20 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)