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Lawmakers in New Castle County are still grappling with challenges that resulted from a once in decades property reassessment, that left a substantial gap between assessment of commercial and residential properties in the northern county.
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The 17.2% take hike will add $102 per year, or about $8.50 monthly for those living in the median $378,000 assessed value home in the county.
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House lawmakers made changes to a bill aimed at fixing property assessment inequalities in Delaware’s three counties.
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Property owners can expect to receive their revised bills between Nov. 28 and Dec. 1.
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House lawmakers also passed two other bills Thursday, one extending the deadline for New Castle County residents to pay their property taxes and another allowing remote participation.
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The Court of Chancery rejected the argument that the split rates are unconstitutional last month.
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State Representatives will meet in Dover next Thursday for a special session to address the $400 million revenue shortfall and vote on the delay.
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Newark City Council passes its 2026 budget.
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The legislative Special Committee analyzing the reassessment process met for its second hearing in Dover Tuesday.
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Del. Dem. leadership creates special committees to review reassessments, GOP lawmakers feel slightedDemocratic legislative leadership announces bipartisan special committees to review recent reassessment fallout, but House Republicans argue they have been excluded from closed-door discussions.