Gov. Nikki Haley signed a new bill that would active duty service members’ property tax rate on unsold homes.
The Military Homeowner Protection Act of 2014 guarantees that active duty soldiers who are required to move to fulfill orders would maintain the 4 percent property tax assessment granted to military service members who own homes and are stationed in South Carolina.
Prior to the act, military service members who moved would potentially have incurred an increase of up to 6 percent as residency status would have changed to designate their property as a second home. Service members now will keep their low property tax rate as long as they remain on active duty.
Haley said “Our military men and women are one of our state’s biggest assets and it’s only right that we provided them with the kind of common sense tax relief that works to lessen the burden of their service for them and their families,” Haley said. “This is about taking care of the people who take care of us and I thank Representative Murrell Smith for his leadership on this issue.”
The bill got unanimous support in both the house and senate. The House passed the bill (77-0) and the Senate (41-0).