property tax

A working group examining options to offer tax relief and modernize Delaware property tax code looks at circuit breakers and income based relief.

To close a budget gap in Newark, a tax hike looks to be on the horizon.

Wilmington City Councilwoman Christian Willauer filed a complaint to New Castle County, that calls out property assessment inequities for Hilltop, Tilton, and West City Center.

Delaware’s Property Tax Relief and Modernization Working Group will meet between now and January to come up with recommendations on property tax breaks, including income-based relief.

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.

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.

House lawmakers made changes to a bill aimed at fixing property assessment inequalities in Delaware’s three counties.

Property owners can expect to receive their revised bills between Nov. 28 and Dec. 1.

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.

The Court of Chancery rejected the argument that the split rates are unconstitutional last month.