Kiawah Resort Associates v. South Carolina Tax Commission

Waller, Justice:

This appeal is from a circuit court order affirming the Tax Commission’s denial of a refund of ad valorem taxes paid on approximately seventeen acres of undeveloped real property on Kiawah Island. We affirm.

FACTS

Prior to 1986, the subject property was part of a larger tract of land and had an assessed value of $273,800. In 1986, after a plat marking the boundaries of the property was filed, the Charleston County Assessor increased the assessed value to $13,493,000. Ad valorem taxes for the 1986, 1987, and 1988 tax years were paid based on the value.

For the 1989 tax year,…