(A) Standards for rehabilitation. To be eligible for the special tax assessment, historic rehabilitations must be conducted according to the Secretary of the Interior's Standards for Rehabilitation.
(B) Value of rehabilitation. The rehabilitation work conducted pursuant to this subchapter must have expenditures:
(1) Exceeding 50% of the appraised value, prior to rehabilitation, for owner-occupied property; or
(2) Exceeding the appraised value of the building, prior to rehabilitation, for income-producing property.
(C) Scope. The special tax assessment may apply to the following:
(1) Tangible real property surrounding the buildings or structures to be rehabilitated, limited to one acre per structure, listed in the National Register of Historic Places; and/or
(2) Buildings or structures to be rehabilitated that are listed in the National Register of Historic Places.
(D) Time limits.
(1) Substantive changes. Once initial approval of the rehabilitation plans, Part A-Preliminary Review Form, has been granted by the South Carolina Department of Archives and History, substantive changes, made before final approval of rehabilitation, must be approved in writing, using Part A-Amendment Form, by the South Carolina Department of Archives and History. Unapproved substantive changes are conducted at the risk of the property owner.
(2) Completed rehabilitation. Rehabilitation must be completed and the application for final approval, Part B-Final Review Form, must be approved by the South Carolina Department of History and Archives within two years from the time initial approval of the rehabilitation plans was granted, in accordance with § 35.164.
(3) Additional work. After the South Carolina Department of Archives and History's final approval has been issued, the property owner shall notify the South Carolina Department of Archives and History, using Part A-Preliminary Review Form, of any additional work, other than ordinary maintenance, to occur before the expiration of the remainder of the ten-year special property assessment. The South Carolina Department of Archives and History shall notify the property owner in writing if the overall project is consistent with the standards for rehabilitation. If the additional work is found to be inconsistent, the South Carolina Department of Archives and History shall notify the owner in writing of its decision to rescind approval within 30 days. The property owner may then withdraw his or her request and cancel or revise the proposed additional work.
(Ord. 5202, passed 12-9-02; Am. Ord. 1122, passed 2-21-22)