Andrews Bearing Corp. v. Brady

Bussey, Justice:

In this action respondent seeks to recover ad valorem taxes in the amount of $33,161.17, paid under protest to the appellants for the year 1971. The complaint alleges that respondent, a manufacturer, was required by Sec. 65-1647.1 of the Code to file its property tax returns with the South Carolina Tax Commission, which assessed respondent’s real and personal property on the basis of a 9.5% ratio to the fair market value of said property. Pursuant to the law, the assessor for Spartanburg County for the year 1971 applied a 4.2% ratio to the fair market value of the real…