Increases the homestead exemption for elderly, disabled, and legally blind residents in South Carolina.

This bill amends the South Carolina Code to increase the homestead exemption for persons over 65, those classified as totally and permanently disabled, and legally blind individuals. The exemption amount rises from $50,000 to $75,000 of the fair market value of their homestead. The change applies to property tax years starting after 2024.

Increases the homestead exemption for elderly, disabled, and legally blind residents in South Carolina.

This bill amends the South Carolina Code to increase the homestead exemption for persons over 65, those classified as totally and permanently disabled, and legally blind individuals. The exemption amount rises from $50,000 to $75,000 of the fair market value of their homestead. The change applies to property tax years starting after 2024.