Loading chat...
SC S0950
Bill
Status
Introduced
2/24/2026
Primary Sponsor
Thomas Davis
Click for details
AI Summary
- Excludes transfers of heirs' property between qualified family members from triggering a property tax reassessment when the transfer is made to clear title
- Defines heirs' property as real property owned as tenants in common that was inherited without formal probate or recorded conveyance establishing clear title
- Qualified family members include those related by blood, marriage, or adoption such as spouses, children, grandchildren, siblings, nieces, nephews, aunts, uncles, cousins, or court-identified heirs
- Requires affected family members to submit affidavits to the county assessor certifying the property qualifies as heirs' property and the transfer is for clearing title
- Takes effect upon Governor's approval and applies to property tax years beginning after 2025
Legislative Description
Heirs' property
Last Action
Referred to Committee on Finance
2/24/2026
Committee Referrals
Finance2/24/2026
Full Bill Text
No bill text available