SC H3511

Increases the homestead property tax exemption from the first $50,000 to the first $100,000 of fair market value for qualifying homeowners

Applies to residents age 65 or older, those classified as totally and permanently disabled by a state or federal agency, or those who are legally blind

Exemption covers county, municipal, school, and special assessment real estate property taxes

Repeals Section 12-37-245, an obsolete reference to the homestead exemption

Takes effect upon Governor's approval and first applies to property tax years beginning after 2024