Legal & Legislation
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated 4 months ago on . Most recent reply
![Constantinos Zavos's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3132655/1728588252-avatar-constantinosz1.jpg?twic=v1/output=image/crop=420x420@0x0/cover=128x128&v=2)
ATI Property Tax re-assessment
Hey guys, I bought a house in South Carolina this year and I was told the value of the house is being re-assessed this year for property taxes. I know there is an ATI exemption that reduces the taxable value by ~25%.
Anyone else went through this and can advise on how to move forward with this? I tried the county office but nothing helpful
Most Popular Reply
![Patrick Roberts's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1583627/1712421626-avatar-patrickr197.jpg?twic=v1/output=image/crop=1465x1465@227x369/cover=128x128&v=2)
- Lender
- Charleston, SC
- 383
- Votes |
- 507
- Posts
Im pretty sure the ATI exemption will only apply if the property was previously assessed at the 6% ratio when the transfer occurred (i.e., when you bought it). My understanding is that you have to submit an application with the county in the same year as the transfer/purchase. The ATI Exemption will be the greater of either A) a reduction of 25% of the new assessed value, or B) the previous assessed value.
Each county handles this process internally - you'll have to reach out to your county. In CHS, the county assessor has a two page form that you complete and file with the assessor's office, similar to applying for the legal residence exemption. Closing Attorneys/law firms are another good resource for this.