Ati Real Property Tax Exemption Form - Sumter County Assessor'S Office printable pdf download

Ati Real Property Tax Exemption Form - Sumter County Assessor'S Office

ATI REAL PROPERTY TAX EXEMPTION

Beginning for 2012 tax year. 12-37-3135

SUMTER COUNTY ASSESSOR’S OFFICE

13 E. CANAL STREET

SUMTER, SC 29150

South Carolina law now allows a partial exemption from taxation of up to 25% of an “ATI fair market

value” that is the result of an Assessable Transfer of Interest. The exemption allowed results in a

“taxable value” of 75% of the “ATI fair market value” or the previous fair market value, whichever is

higher.

ELIGIBILITY:

 This exemption may apply to properties that are assessed at a 6% assessment rate for the year in

which the exemption is granted. (At the time of the transfer)

 And have experienced a value increase due to an Assessable Transfer of Interest for tax years 2011

forward.

 And this exemption only applies if the property owner or their agent applies on or before January

of the year in which the exemption is first sought.

CERTIFICATION AND SIGNATURE

I understand that if at any time the property is re-classified to something other than a 6% classification

this exemption is removed and does not apply. Should the property be re-classified to 6% in subsequent

years, the exemption cannot be re-claimed unless there is another Assessable Transfer which does apply.

Classification at Time of Transfer _______________________ Tax Year_______________

OWNER INFORMATION (PRINT)

PROPERTY INFORMATION

Owner Name____________________________

Tax Map Number____________________

Mailing Address_________________________

Property Address____________________

City, State, Zip_________________________

City, State, Zip_______________________

______________________ ____________________________ ________________________

(DATE)

(Signature of Owner)

(Phone Number)

______________________FOR ASSESSOR’S OFFICE USE ONLY____________________

ATI Fair Market Value _________________________

–25 %

Exemption

____________________ Exemption Value ___________________

Current Fair Market Value __________________ Taxable Value______________________

Revised 10-09-2012

Ati Real Property Tax Exemption Form - Sumter County Assessor'S Office