HOMEOWNERS’ ASSOCIATION
APPLICATION FOR SPECIAL VALUATION
CHEROKEE COUNTY ASSESOR’S OFFICE
110 Railroad Avenue Suite 109
Gaffney, S.C. 29340
Office Phone (864) 487-2552 Fax (864) 487-2555
In 1996, the General Assembly amended the code of laws for South Carolina by adding section 12-43-227.
This addition along with the amendments to section 12-43-230 prescribes the method for valuing
Homeowners’ Association property as well as defining a Homeowners’ Association. The following
information must be furnished to the County Assessor to determine if the organization meets the requirements
of this special valuation legislation and what qualified income should be capitalized into the taxable value.
1. Name, Address of Homeowners’ Association per deed:
____________________________________________________________________________________
____________________________________________________________________________________
Total land owned by the Association Acres: ____ Lots: ___ Total Number of Buildings: ____
2. GROSS RECEIPTS FROM PRIOR YEAR: $ _______________
(Do not include dues, fees, or assessments from the members or the developers’ contribution to the operation
of the Homeowners’ Association.) List sources on a separate sheet.
3. Please furnish a copy of the bylaws of the Homeowners’ Association.
4. Name and position of Homeowners’ Association Officers.
1. ________________________________ 2. _________________________________________
_________________________________ _________________________________________
3. _________________________________ 4. _________________________________________
_________________________________ _________________________________________
5. Property Location: ____________________________________________________________________
Tax Map Number(s): ___________________________________________________________________
6. Name, Address, and Telephone number of the person filing this document:
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
Signature: __________________________________ Date: ___________________________________
APPLICATION MUST BE RECEIVED BY THE COUNTY ASSESSOR BEFORE JANUARY 15 (1ST
PENALTY DATE) FOR THE PRIOR TAX YEAR. FAILURE TO APPLY CONSTITUTES A WAIVER OF
SPECIAL VALUATION FOR THAT YEAR.
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