H 4599

South Carolina General Assembly
126th Session, 2025-2026
Bill 4599
Indicates Matter Stricken
Indicates New Matter
(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)
A bill
TO AMEND THE SOUTH CAROLINA CODE OF LAWS
BY AMENDING SECTION 12-37-250, RELATING TO THE HOMESTEAD PROPERTY TAX EXEMPTION
ALLOWED FOR PERSONS WHO ARE OVER THE AGE OF SIXTY-FIVE YEARS, DISABLED, OR
LEGALLY BLIND, SO AS 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; AND BY REPEALING SECTION 12-37-245 RELATING TO
AN OBSOLETE REFERENCE TO THE HOMESTEAD EXEMPTION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1.  Section 12-37-250(A)(1) of the
S.C. Code is amended to read:
    (1) The first one hundred fifty thousand
dollars of the fair market value of the dwelling place of a person is exempt
from county, municipal, school, and special assessment real estate property
taxes when the person:
  (i) has been a resident of this State
for at least one year and has reached the age of sixty-five years on or before
December thirty-first;
  (ii) has been classified as totally
and permanently disabled by a state or federal agency having the function of
classifying persons; or
  (iii) is legally blind as defined in
Section 43-25-20, preceding the tax year in which the exemption is claimed and
holds complete fee simple title or a life estate to the dwelling place. A
person claiming to be totally and permanently disabled, but who has not been
classified by one of the agencies, may apply to the state agency of Vocational
Rehabilitation. The agency shall make an evaluation of the person using its own
standards.
SECTION 2.  Section 12-37-245 of the S.C. Code is repealed.
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 December 17, 2025 at 12:45 PM