South Carolina Enacts Heirs’ Property Tax Relief Act

The South Carolina Governor signed a law enacting the Heirs’ Property Tax Relief Act. The law amends state tax law to provide property tax relief for transfers of inherited property between family members. The law excludes qualified family member transfers of heirs’ property from assessable transfer determinations, helping families resolve title issues without triggering property tax reassessment. The law takes effect upon the Governor’s approval and applies to property tax years beginning after 2025. [H.B. 4477, enacted 05/15/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.