The South Carolina House on Wednesday approved the "Point of Sale" bill. The vote was close, 64 to 51.
Current law, which was last changed in 2006, requires all homes that are sold to be reassessed immediately. The Point of Sale delays reassessment of existing homes to the next regular reassessment cycle. However, newly constructed homes will still be reassessed when they are sold.
The bill new heads to the Senate for consideration.
The Home Builders Association of Greenville are your neighbors and community leaders providing education and support for building industry professionals. We create jobs, encourage homeownership, and promote responsible growth throughout the upstate of South Carolina.
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