Next Council Meeting
Lexington County Administration Building is open to the Public Monday - Friday from 8:00 a.m. to 5 p.m.
1. What is personal property?
2. When are personal property taxes due?
3. How is the value of personal watercraft/aircraft determined?
4. I sold the personal property you have billed me for. What do I do with this bill?
5. Can I appeal the value on my boat or airplane?
6. If I own a business or residential rental property, how are taxes determined on associated personal property?
7. When are business related personal-property tax returns due?
8. What happens if I don't file my business related personal-property tax return on time?
9. Are all boats & motors taxable?
10. Are boat trailers taxable?
In South Carolina, personal property encompasses motor vehicles, recreational vehicles, aircraft and watercraft (including boats, motors, and personal recreational vehicles like wave runners and jet skis, etc.).
With the exception of motor vehicles and watercraft registered with SCDNR, personal property taxes must be paid by January 15 of the following year, unless that day falls on the county holiday or weekend.
Values of personal property are kept current through annual updates by the S.C. Department of Revenue and the S.C. Department of Natural Resources.
If you owned the property on December 31, preceding the current tax year, you are responsible for the taxes for that entire year.
Yes, you have until the taxes are due to appeal in writing to the Auditor's office.
Owners of business using equipment, furniture, fixtures or machinery are required to file an annual personal property return (PT-100) with the South Carolina Department of Revenue.
Returns must be filed by April 30 of each year.
The SCDOR is required by law to estimate all accounts in which a return was not filed.
Boats or outboard motors with a fair market value of $500 or less are not taxable.
No, not in South Carolina.