SC H4578

Expands the homestead property tax exemption for taxpayers 65 and older, totally and permanently disabled, or legally blind to cover 100% of a home's fair market value when applied to school district general obligation debt millage

Removes the current maximum fair market value cap on dwellings for purposes of exemption from school district debt service property taxes

State reimbursement to local governments will not apply to the portion of school debt service millage that exceeds the current fair market value limits

Takes effect upon Governor's approval and applies to property tax years beginning after 2026