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The Official Web Site of the State of South Carolina

Local Property Tax

Special Property Tax Assessments (Bailey Bill)

State law (SC Code of Laws, as amended, Sections 4-9-195 and 5-21-140*) allows county and municipal governments to offer special property tax assessments for rehabilitated historic property and low and moderate income rental property. This is often referred to as the Bailey Bill. 

*State regulations for the program (Sections 12-120 through 12-125) were amended in 2011.

Local governments can set different minimum expenditure levels, the length of time the special assessment is in effect, review the rehabilitation work in most cases, and require approval before work begins.

Please check with your local government(s) to find out if it has adopted the special property tax assessment and the details of its program.


This website does not provide legal, tax or accounting advice; the information provided is intended to be general in nature; and visitors to the website are strongly encouraged to consult their own professional tax, accounting and legal advisors on individual tax matters, or consult the SC Department of Revenue or the Internal Revenue Service (IRS). The SHPO is not responsible for the information or advice provided here as it may affect the specific tax consequences to any individual (including sole proprietor), corporate, partnership, estate or trust taxpayer, which will depend on many other facts and circumstances. The information is for the general benefit of persons interested in obtaining certifications from the SHPO that may allow them to qualify for federal and/or state historic income tax credits. Given the frequency of changes in federal and state tax laws, regulations and guidance, the information represents a good faith effort to reference controlling laws and regulations as accurately as possible.