South Carolina Homestead Exemption Tax Benefit
The Homestead Exemption program exempts the first $50,000 of the value of your home from all property taxes. Here is an example of how the Homestead Exemption Tax Credit works: Without Homestead Exemption Value of your home = $100,000 Multiplied by 4% ratio = $4,000 Multiplied by millage x .285 Total taxes due = $1,140 [...]
