Licensees and Brokerages may want to remind your 2025 buyers who bought 6% property tax assessment ratio properties (e.g., primary residence is 4% property tax assessment ratio) to properly apply for any ATI 25% proper tax valuation discount at their county goverment (e.g. online, at county government offices, no later than January 30, 2026 or they may have to wait another year for this potential property tax savings to apply to their property tax bill.
Property Tax Bill = Assessment Ratio x Millage Rate x Valuation
PT = AR x M x V
Questions call SCR and direct buyers to their lawyer for more information.
Posted by: Byron King on 1/12/26 (This information is only accurate as of 1/12/26. You must contact SCR for updates and changes to this information after 1/12/26, as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)
This information is not legal advice. This information is intended only to provide general information and may not be relied upon as specific legal guidance. Legal counsel should always be consulted before acting in reliance on this information.