A new structure will not be listed or assessed for the property tax until it is completed and fit for the use for which it is intended.
For informational purposes, S.C. Ann., Section 12-37-670 does allow a county governing body by ordinance to allow new improvements to real property be placed on the tax rolls on a quarterly basis. Additional tax attributable to new improvements will begin accruing on the listing date and will be paid when taxes are due on the property for that property tax year. York County has not adopted an ordinance at this time.
Since York County has not adopted an ordinance for early recognition of new construction, all new construction becomes taxable for the first time the year following the issuance of the certificate of occupancy.
An important footnote: If the certificate of occupancy has not been issued by Jan. 1, but the final inspection has been completed and the only items to be completed prior to issuance of the certificate of occupancy are items will not affect the occupancy of the home (example: landscaping), the tax assessor may place both the land and building on the tax rolls for the current tax year.
