If you are a farmer, congrats, you are one of the chosen few whose property taxes likely have significantly dropped this year. That is because toward the end of this past Session and without much fanfare, the South Carolina General Assembly passed House Bill 5134 (hereinafter “Bill”), which added an ad valorem tax exemption for farmers in this State for the following:
all farm buildings and agricultural structures owned by a producer in this State used to house livestock, poultry, crops, farm equipment, or farm supplies . . .
