Bill > HB243

This bill amends Delaware school tax laws to allow school districts to establish separate tax rates for residential and non-residential properties. Under the new provisions, school districts can set a non-residential tax rate that is at least equal to, but no more than twice, the residential tax rate. Importantly, the total revenue collected must not exceed the amount that would have been collected under a single tax rate. The bill provides school boards with more flexibility in tax rate setting by allowing them to adjust rates based on annual property assessments, while maintaining a 10% buffer for delinquencies and collection costs. The legislation also clarifies procedures for tax rate adjustments following property reassessments and ensures that any significant tax rate increases must still be approved by voter referendum. This change aims to provide school districts with more nuanced tools for managing their tax collections while maintaining fairness and transparency in the taxation process.

Education

https://legis.delaware.gov/BillDetail?LegislationId=142678