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Council advances 'Bailey' historic-rehab tax assessment ordinance, will harmonize rules with Winnsboro
Summary
Fairfield County advanced Ordinance 8-48 on second reading, a 'Bailey bill' style program to lock in pre-rehabilitation assessed values for qualifying historic properties for up to 20 years; county staff said they will coordinate with the Town of Winnsboro to align review and tiers.
Doctor Roberts read the caption for Ordinance 8-48, described by county staff as a Bailey-style special property tax assessment program designed to encourage rehabilitation of historic properties by allowing qualifying owners to lock in pre-rehabilitation assessed value for a period (up to 20 years in certain cases).
County staff member Mr. Moyer explained that the program will set…
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