Bill > HB249

This bill requires counties to void and reissue tax bills for the 2025-2026 tax year using the previously assessed property values, with specific provisions to ensure minimal disruption to taxpayers and local government finances. The bill defines "new construction" as property that required a supplemental assessment during the 2024-2025 tax year and "previously assessed value" as the property's assessed value from the 2024-2025 tax year. School districts must issue new tax collection warrants to counties using these previous property values, and counties must then reissue tax bills that combine property and school taxes based on those prior assessments. The bill extends the tax payment deadline to October 30, 2025, and stipulates that no interest or penalties will be charged before that date. For taxpayers who overpay under the initial tax bills, counties must provide refunds or credits. Additionally, school districts may borrow from State Division I funds if they experience cash flow shortfalls due to the extended payment deadline. Importantly, these provisions do not apply to tax bills for new construction properties, which will maintain their updated assessments.

Government Affairs

https://legis.delaware.gov/BillDetail?LegislationId=142685