Amends South Carolina's homestead property tax exemption for seniors, disabled, and legally blind residents.
This bill modifies the homestead property tax exemption in South Carolina for individuals over 65, disabled, or legally blind. It sets the exemption at the greater of $50,000 or 33% of the home's fair market value. The bill also repeals an outdated reference to the homestead exemption. The changes apply to property tax years starting after 2024.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.