ATI Fair Market Value Partial Exemption Application

ATI Fair Market Value Partial Exemption Application
Date Submitted: Date Submitted: / MM / DD YYYY
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 by this section is an amount equal to twenty five percent of ATI fair market value of the parcel. However, no exemption value calculated pursuant to this section may be less than current fair market value of the parcel.

This exemption may apply to properties that:
a) Are qualified at the 6% assessment for the year in which the exemption is granted;
b) Have experienced a value increase due to an Assessable Transfer of Interest for tax years 2011 forward;
c) This exemption only applies if the property owner or their agent applies on or before January 31ST for the tax year for which the owner first claims eligibility for the exemption.
Parcel Number: *
Tax Year: *
Owner Name: *
Email Address: *

Confirm Email Address: *
Present Classification: *
Property Address: Property Address: *
Street Address Address Line 2 City State / Province / Region Postal / Zip Code Country
Mailing Address Same as Property? *

Mailing Address Same as Property? Yes No
Mailing Address: Mailing Address: *
Street Address Address Line 2 City State / Province / Region Postal / Zip Code Country
Contact Phone: Contact Phone: * - ### - ### ####
Deed Book/Page: *
Purchase Date: Purchase Date: * / MM / DD YYYY
Consideration: * $ Dollars . Cents
Who is Signing this Form: *

Who is Signing this Form: Property Owner Authorized Agent
An individual who is not the legal property owner must provide documentation to substantiate their relationship to the owner(s) or legal interest in the property at the time of submission. the three forms of acceptable proof are:

1. Copy of power of attorney for the owner of record.
2. Copy of completed poa39 by owner of record.
3. Copy of personal representative appointment by probate court.
Proof Of Authorization To Sign: *

Attach Files
I understand that if at any time the property is reclassified to something other than a 6% classification this exemption is removed and does not apply. Should the property be reclassified to 4% in subsequent years, the exemption cannot be reclaimed unless there is another Assessable Transfer. *

I understand that if at any time the property is reclassified to something other than a 6% classification this exemption is removed and does not apply. Should the property be reclassified to 4% in subsequent years, the exemption cannot be reclaimed unless there is another Assessable Transfer. I Agree
Signature in the box below. *

Draw or Type

I understand this is a legal representation of my signature. Clear

Full Name

I understand this is a legal representation of my signature.

ATI Fair Market Value Partial Exemption Application

ATI Fair Market Value Partial Exemption Application

ATI Fair Market Value Partial Exemption Application

An individual who is not the legal property owner must provide documentation to substantiate their relationship to the owner(s) or legal interest in the property at the time of submission. the three forms of acceptable proof are: