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H 4450 - Changes the homestead property tax exemption for homeowners 75 years old and older

Tracking Level: Of Interest
Sponsor: Chip Huggins (R)
Last Action: 1/12/2016 - House - Referred to Committee on Ways and Means
House Committee:
Assigned To:
Property TaxesNext Bill

Staff Analysis of the Legislation

Summary of the bill as introduced: Establishes a property tax exemption sufficent to keep the property tax value of a home from increasing once the owner attains 75 years old. This bill also increases the exemption by 25 percent every 5 years.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299,