The bill H. 4599 proposes amendments to the South Carolina Code of Laws regarding the Homestead Property Tax Exemption for individuals who are over the age of sixty-five, disabled, or legally blind. Specifically, it seeks to increase the exemption amount from the first fifty thousand dollars to the first one hundred fifty thousand dollars of the fair market value of the homestead. This change aims to provide greater financial relief to eligible residents by exempting a larger portion of their property value from county, municipal, school, and special assessment real estate property taxes.

Additionally, the bill includes the repeal of Section 12-37-245, which contains an obsolete reference to the Homestead Exemption. The proposed changes will take effect upon approval by the Governor and will apply to property tax years beginning after 2025.

Statutes affected:
12/17/2025: 12-37-250, 12-37-245
Latest Version: 12-37-250, 12-37-245