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SC revenue ruling #17-5
South Carolina Department of Revenue
South Carolina Department of Revenue
Issue Date
2017-08-29
Type
Keywords
Real property--South Carolina, Deeds--South Carolina
Abstract
South Carolina imposes a deed recording fee pursuant to Chapter 24 of Title 12. This fee is composed of two fees – a state fee of one dollar thirty cents for each five hundred dollars, or fractional part of five hundred dollars, of the realty’s value and a county fee of fifty-five cents for each five hundred dollars, or fractional part of five hundred dollars, of the realty’s value. The fee is collected by the office of the county clerk of court or register of deeds, which remits the state portion of the fee to the Department of Revenue on a monthly basis. The purpose of this advisory opinion is to provide a comprehensive discussion of the application of the deed recording fee to a wide variety of real estate transactions. This advisory opinion will “summarize” longstanding Department opinion concerning the taxability of these transactions.
Rights
Copyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))