Lindsey v. South Carolina Tax Commission

Gregory, Chief Justice:

This appeal involves the valuation of real property for the 1987 tax year. We affirm.

On December 31, 1986,1 respondent Commonwealth II (Taxpayer) owned a 72.882 acre tract of land in Charleston County that was divided into fifty-three lots. The county conditionally approved a subdivision plat in October 1986. The subdivision was unfinished as of December 31st and was not authorized for occupancy until final approval by the county which did not occur until 1987.

Appellant (Assessor) valued the entire tract by totalling the asking prices for the fifty-three lots. Taxpayer…