Fairfield Waverly, LLC v. Dorchester County Assessor

Syllabus

This case concerns section 12-37-3135 of the South Carolina Code (2014) which establishes a twenty-five percent property tax exemption when there is an \Assessable Transfer of Interest\ of certain types of real property. We affirm the Administrative Law Court's judgment allowing two property owners to claim this exemption even though they did not do so during the first year of eligibility.