By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism.
City considering Bailey Bill preservation incentives
Placeholder Image
The city of Camden may soon add another tool to its historic preservation toolbox via what is known as a Bailey Bill ordinance. The Bailey Bill refers to state laws -- specifically Sections 4-9-195 and 5-21-140 of the S.C. Code of Laws -- which allow local governments to grant special tax assessments to buildings and structures which qualify as rehabilitated historic properties. The bill allows local governments to tax a qualifying property at the fair market value at which the property was assessed prior to rehabilitation.

Log In To Read

Subscribe to access more great content!