02/20/2026
Bill 768 has passed in SC and will lower the age to 60 for seniors to take advantage of the Homestead tax benefit. Increased deduction to $100,000 from $50k.
“SC SENIOR HOMESTEAD EXEMPTION PASSES SENATE
Today, the South Carolina Senate voted to expand the homestead exemption for seniors across South Carolina, reducing the taxable value of their homes and delivering direct property tax relief. I was proud to support and cosponsor this legislation because it helps seniors stay in their homes and keeps more money in their pockets. This will make a real difference for the growing senior population in the 36th Senate District, where many residents live on fixed incomes and are especially vulnerable to rising costs.
Under this bill, the homestead exemption increases to $100,000 of a home’s value and lowers the eligibility age to 60 YEARS OLD, allowing more residents to qualify sooner and receive meaningful relief.
Senate Bill 768 is projected to cut property taxes by more than $250 million statewide. I appreciate the leadership of Finance Chairman Harvey Peeler and Senator Danny Verdin in moving this bill forward.
While this measure focuses on seniors, I agree with Chairman Peeler that we must continue working toward comprehensive tax reform that benefits every citizen. This is the first step in a broader effort to lower taxes and keep South Carolina affordable for all.
Honored to serve the good and decent people of the 36th Senate District.”