H 3841

South Carolina General Assembly
126th Session, 2025-2026
Bill 3841
Indicates Matter Stricken
Indicates New Matter
(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)
Indicates Matter Stricken
Indicates New Matter
Committee Amendment Adopted
May 6, 2026
H. 3841
Introduced by Reps. Hewitt, B. Newton, Yow,
Hardee, Bailey, M. M. Smith, Teeple, Kirby, Bustos, Landing, Brewer, Hartnett,
Lawson, Davis, Murphy and Weeks
S. Printed 5/6/26--S.
Read the first time April 9, 2025
________
A bill
TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING
SECTION 12-43-220, RELATING TO ASSESSMENT RATIOS, SO AS TO PROVIDE THAT UNDER
CERTAIN CIRCUMSTANCES, PROPERTY RECEIVING THE FOUR PERCENT ASSESSMENT RATIO
SHALL CONTINUE AT FOUR PERCENT WHEN THE OWNER DIES; AND BY ADDING SECTION
12-37-460 SO AS TO PROVIDE THAT UNDER CERTAIN CIRCUMSTANCES PROPERTY TAX
EXEMPTIONS SHALL CONTINUE TO APPLY WHEN THE OWNER DIES.
    Amend Title To Conform
Be it enacted by the
General Assembly of the State of South Carolina:
SECTION 1.  Section 12-43-220(c) of the S.C. Code is amended by
adding:
    (9) Notwithstanding any other
provision of law, when an owner receiving the special assessment rate pursuant
to this item (c) dies, the property shall continue to receive the special
assessment rate until the decedent's estate is closed, upon the recording of a
deed or deed of distribution out of the estate, or after December thirty-first
of the year following the date of death, whichever occurs first. This subitem
does not apply if the property is rented for more than seventy-two days in or
following the calendar year of the decedent's death or if a change of use
occurs.
SECTION 2.  Article 3, Chapter 37, Title 12 of the S.C. Code is
amended by adding:
    Section
12-37-460.    Notwithstanding any other provision of law, when an owner of real
property dies, the property shall continue to receive any property tax
exemption it was receiving at the time of death until the decedent's estate is
closed, upon the recording of a deed or deed of distribution out of the estate,
or after December thirty-first of the year following the date of death,
whichever occurs first. This section does not apply if the property becomes
ineligible for the exemption for a reason other than the death.
SECTION 3.  This act takes effect upon approval
by the Governor and applies to property tax years beginning after 2025.
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This web page was last updated on May 06, 2026 at 07:19 PM