Property Ownership
A homestead exemption in South Carolina provides:
AProtection against all creditors on the primary residence
BA reduction in the assessed value of a primary residence for property tax purposes✓ Correct
CExemption from capital gains tax on a primary residence
DProtection from foreclosure by all lenders
Explanation
South Carolina's homestead exemption provides qualifying homeowners (age 65+, totally disabled, or legally blind) with a reduction in the fair market value of their primary residence for property tax assessment purposes, reducing their property tax bill.
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