Residential Property Return

Residential Property Return Form

South Carolina law states that all items of personal property used in the operation of a business shall be assessed for property tax. The Code of Laws also requires that an annual report of valuation of said personal property be filed to the County Auditor on or before the 30th of April each year.

If Personal Property is situated in more than one location, a separate return must be filed for each location.

asterisk () = required field

Property & Tax Information
Is this rental property?
Do you rent the property with furnishings?
If either answer is no, please disregard the remaining questions and sign and return this form to the Charleston County Auditor's office.

Property Cost / Value / Tax Details

South Carolina law states that all items of personal property used in the operation of a business shall be assessed for proper purposes. The Code of Laws also requires that an annual report of valuation of said personal property be filed by the owner by January 1st and April 30th each year.

If Personal Property is situated in more than one location, a separate return must be filed for each location.

Important: A 10% penalty will be applied to your assessment if your return is postmarked after April 30th.
The following information should be taken from your latest Federal and State Income Tax Depreciation Schedules. PLEASE BE PREPARED TO PROVIDE ALL RELEVANT DEPRECIATION DOCUMENTATION UPON REQUEST. COMPLETE ALL ITEMS BELOW USING THE FORMULA: ABC
A. Original Cost of Furniture, fixtures and equipments (Do not include leased or rented property)
$
B. Accumulated depreciation for income tax purposes (Depreciation not to exceed 90% of original cost)
$
C. Net book value (Net book value must not be less than 10% original cost)
$

VALUES OF $0 ARE UNACCEPTABLE WITHOUT PROPER WRITTEN EXPLANATION.

I/You declare that this return, including any accompanying schedules and statements, has been examined by me, and to the best of my knowledge and belief, is a true and complete return made in good faith, pursuant to the provisions of the Code of Laws of South Carolina, 1976 and Amendments.

Verification Code
Verification Image