Here we have a rule that after age 65 there is a big reduction of Home Property taxes. Called the Homestead Exemption.
dor.sc.gov
The Homestead Exemption is a complete exemption of taxes on the first $50,000 in Fair Market Value of your Legal Residence for homeowners over age 65, totally and permanently disabled, or legally blind.
To qualify for the Homestead Exemption, statements 1,2 and 3 must be true.
- You hold complete fee simple title to your primary legal residence or life estate to your primary legal residence or you are the beneficiary of a trust that holds title to your primary legal residence.
- As of December 31 preceding the tax year of the exemption, you have resided in South Carolina as your permanent home and legal residence for a full calendar year.
- As of December 31 preceding the tax year of the exemption, you must be one of the following:
- a. at least 65 years of age, or
b. declared totally and permanently disabled by a state or federal agency having the authority to make such a declaration, or
c. legally blind as certified by a licensed ophthalmologist.