tax reassessment

The Public Education Funding Commission is back after a month-long break to discuss equalization amid statewide property reassessment fallout.

State lawmakers have filed 13 pieces of legislation to address concerns around the recent reassessment process and its impact on taxpayers.

Speaker of the House Melissa Minor-Brown is calling Delaware legislators back to Dover on August 12 to discuss relief efforts for residents affected by the recent property reassessment process.

The same ordinance would also allow those paying in installments to have late fees waived.

The district's chief financial officer said an estimated 2.55 % of assessed value is at risk to appeal and other issues, and the tax hike could help cover the burden.

If implemented, the system would increase property taxes for out-of-state residents with homes in Delaware.

Final values for the reassessment came in February.

It's the first reassessment in 50 years. Final tax rates and values will be sent out in August.

The county committed to raising no additional revenue with this reassessment, meaning tax rates will likely decrease to maintain a net neutral tax income.

Sussex County is Delaware’s last county to agree to reassess its property under a legal settlement. Sussex County decided Tuesday to settle a suit with…