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South Carolina Amendment 6, Property Taxes Act (2006)

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South Carolina Amendment 6, also known as the Property Taxes Act, was on the November 7, 2006 election ballot in South Carolina as a legislatively-referred constitutional amendment, where it was approved.[1]

Under the terms of the successful amendment to the South Carolina Constitution, a limit was imposed on the allowable rate of increase of the property tax levy to no more than 15% every five years after the current value of the property has been adjusted:

  • (1) to reflect improvements made to the parcel.
  • (2) to reflect a decline in the value of the parcel.
  • (3) to reflect the value of the parcel when ownership of the property changes as the General Assembly by law defines such changes.

Election results

Amendment 6
ResultVotesPercentage
Approveda Yes 707,270 69%
No318,02631%

Ballot text

South Carolina Constitution
Flag of South Carolina.png
Preamble
Articles
IIIIIIIVVVIVIIVIIIVIII-AIXXXIXIIXIIIXIVXVXVIXVII

Question

The question asked on the ballot was:

"Must Article III and Article X of the Constitution of this State be amended to authorize the General Assembly to establish the method of valuation for real property based on limits to increases in taxable value, adjusted for improvements and losses, of no more than fifteen percent over a five-year period, unless an assessable transfer of interest occurs; to provide that for purposes of calculating the limit on bonded indebtedness of political subdivisions and school districts, the assessed values of all taxable property within a political subdivision or school district shall not be lower than the assessed values for 2006; and to provide that the General Assembly, by general law and not through local legislation pertaining to a single county or other political subdivision, shall provide for the terms, conditions, and procedures to implement the above provisions?"

Explanation

As provided for in South Carolina law, election officials include a neutral explanation on the ballot of each ballot question. The explanation provided alongside the question for proposed Amendment 1 in 2006 said:

"This amendment will limit increases in the value of a parcel of real property for purposes of imposing the property tax to no more than fifteen percent every five years after the current value of the property has been adjusted: (1) to reflect improvements made to the parcel; (2) to reflect a decline in the value of the parcel; and (3) to reflect the value of the parcel when ownership of the property changes as the General Assembly by law defines such changes."

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References