Property tax exemptions for South Carolina residents over 65 years old.
This bill amends the South Carolina Code to provide property tax exemptions for individuals over 65. It exempts 100% of the fair market value for those 70 and older, 80% for those 69, and 60% for those 68. The exemptions apply to the primary residence and are not subject to other exemptions. The act takes effect upon approval by the Governor.
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