§ 40-43. Payment estimation.  


Latest version.
  • (a)

    The estimated payment shall be based upon the total property tax due for the previous property tax year, after applying all applicable credits and adjustments reflecting a reduced value as determined by the county assessor. An amount equal to 16 2/3 percent of the estimated property tax obligation shall be paid to the county treasurer in each of five installments according to the schedule in subsection (b) of this section.

    (b)

    In the case of the following estimates, the due date is on or before:

    First February 15
    Second April 15
    Third June 15
    Fourth August 15
    Fifth October 15

     

    (c)

    The remaining balance is due on or before January 15 of the following taxable year in accordance with S.C. Code 1976, § 12-45-70, as amended. The treasurer shall notify the county auditor of the amount of the property owner's payments received no earlier than October 15 and no later than November 15. A notice of the remaining tax due and other authorized charges and information shall then be prepared and mailed to the property owner.

(Ord. No. 09-01, § 4, 1-5-2009)