property assessment

GOP State Reps. Kevin Hensley and Mike Smith want New Castle County to completely redo its property reassessments. Democratic leaders want to move forward.

If passed, the ordinance will establish a year-long moratorium on residential and commercial foreclosures that saw their property taxes increase by 25% or more between Fiscal Years 25 and 26 following property reassessment.

The legislative Special Committee analyzing the reassessment process met for its second hearing in Dover Tuesday.

The use of permitting data could have affected property values, according to Wilmington city officials.

The bipartisan committee heard from public commenters, Tyler Technologies representatives and Wilmington city officials.

The decision keeps post-reassessment values in place, which put more of the tax burden on residential property owners.

The resolution failed to pass and intended to formally ask the Auditor to look into reassessment methodologies.

Last year, Christina saw 150 appeals. Post-reassessment, it has a thousand.

The Board also voted to increase non-residential property tax burden to 19%.

Red Clay residents’ tax burden jumped 8.7% after the reassessment.