Revenue and Fiscal Affairs projects property tax exemption reimbursements for the Trust Fund for Tax Relief and Homestead Exemption Fund for budgetary planning purposes as required by statute. These projections are provided below. For historical detailed reimbursement reports, please visit the S.C. Department of Revenue, Local Government Section here.
*The FY 2021-22 reimbursement estimate in February was based upon the FY 2020-21 Tier III reimbursements with an increase of 2.72 percent. However, there was sufficient revenue in the Homestead Exemption Fund at year end to increase the FY 2020-21 reimbursement to 4 percent. Therefore, we have revised our FY 2021-22 reimbursement estimate to reflect the final FY 2020-21 reimbursement amount.