Valuation of certain kinds of personal property.

S.C. Code Ann. § 12-37-940
in effect
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The following articles of personal property shall be valued for taxation, as follows, to wit: leasehold estates held for any definite term, at the yearly value thereof to the lessee; annuities, at the yearly value thereof to the owner at the time of listing; and leasehold estates held on perpetual lease or for a term certain renewable forever at the option of the lessee, at the full value of the land. Effect of Amendment 2015 Act No. 87, SECTION 13, amended the section by deleting determination of value of money, bank bills, and like items.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t12c037.phpFetched: 10/17/2026

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