South Carolina H 3374: Homestead exemption

Bill Text

2025-2026 Bill 3374 Text of Previous Version (Dec. 06, 2024) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 3374

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 EXEMPTION FOR THE ELDERLY AND 
DISABLED, SO AS TO REQUIRE THAT A PERSON BE A RESIDENT OF THE STATE FOR AT 
LEAST FIVE YEARS, INSTEAD OF ONE YEAR, TO OBTAIN THE EXEMPTION.

Be it enacted by the 
General Assembly of the State of South Carolina:

SECTION 1. Section 12-37-250(A)(1) and (2) of the S.C. Code is 
amended to read:

 (1) The first 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 
five years 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.

 (2) 
The exemption includes the dwelling place when jointly owned in complete fee 
simple or life estate by husband and wife, and either has reached sixty-five 
years of age, or is totally and permanently disabled, or legally blind pursuant 
to this section, before January first of the tax year in which the exemption is 
claimed, and either has been a resident of the State for one 
year five years.

SECTION 2. This act takes effect upon approval 
by the Governor.

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This web page was last updated on December 06, 2024 at 11:54 AM