The City Council shall impose by ordinance an annual tax in such amount as it may deem necessary for corporate purposes upon the assessed value of all real estate lying within the corporate limits of the city and all personal property with a taxable status within the city, except such as is exempt from taxation under the constitution and laws of this state. Such tax shall be levied by the City Council on the property within the corporate limits as assessed for state and county purposes.
State Law Reference:
Property subject to municipal taxes, S.C. Code § 5-21-110
Uniform assessment, S.C. Code § 12-37-30