(AP) -- CHARLESTON, S.C. (AP) - South Carolina Gov. Nikki Haley is ceremoniously signing a law that changes how much property is taxed when it's sold.

Haley is attending a ceremony Monday morning at Daniel Island Real Estate's office in Charleston. The news conference is being held two months after she signed the bill into law.

Real estate agents had complained that a 2006 law that protects property owners from huge tax bill increases depressed real estate sales. That law limits tax increases on property as long as the owner keeps it. But bills can rise sharply when it's sold and taxed per market value.

Opponents argued eliminating point-of-sale increases would take money away from local governments and schools.

The compromise reached in June affects only properties taxed at 6 percent.

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