SC H4695

Allows property owners who have owned residential or agricultural property for at least 20 years (or inherited it from an immediate family member with combined ownership of 20 years) to apply for property tax deferral

Requires full property tax deferral if the applicant's income is at or below 60% of county median income; partial deferral permitted if income is between 60-100% of county median income

Deferred taxes carry no interest or penalties and become due the following tax year, with owners able to apply for consecutive deferrals year after year

Property tax deferral continues after the owner's death using the most recent documentation until the property transfers to someone other than an immediate family member

Applications and supporting documentation (tax returns, bank statements, bills) are subject to public disclosure through Freedom of Information Act requests, with personal identifying information redactable except for the applicant's name