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What are the Classifications of Property?

April 26, 2017classifications Property

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What are the Classifications of Property?

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The County Assessor is charged by South Carolina Law (Act 208 of 1975 as amended) with classifying real property for assessment purposes. All property appraised by the Lexington County Assessor has been classified into four (4) categories. 1) Legal Residence 2) Agriculture use 3) Second homes, rental, or commercial 4) Manufacturing. Legal residence and agriculture use require the owner of the property to make an application. A new application is required when the ownership of property changes.