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SC H5249
Bill
Status
Introduced
2/24/2026
Primary Sponsor
William Herbkersman
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AI Summary
- Prohibits counties from reassessing heirs' property to fair market value when the property is transferred between qualified family members solely to clear or consolidate title
- Defines heirs' property as real property owned by two or more individuals as tenants in common that was inherited from a relative without formal probate or recorded conveyance establishing clear title
- Qualifying transfers must occur through judicial action (quiet title action, partition in kind order, or master-in-equity) and both grantor and grantee must have owned an undivided interest prior to transfer
- Partitioned parcels retain their pro rata assessed value and remain eligible for the 15% reassessment limitation cap
- Requires family members to submit an application with a sworn affidavit to the county assessor certifying the property qualifies; once title is cleared, the property loses heirs' property status for future transfers
Legislative Description
Heirs' property
Last Action
Member(s) request name added as sponsor: Kirby, Hartnett, Rivers, McDaniel, Williams, Jones, Dillard
2/26/2026
Committee Referrals
Ways and Means2/24/2026
Full Bill Text
No bill text available