Bill > SB228

This bill establishes a quality-control mechanism for general property reassessments in New Castle County, Delaware, allowing the Office of Finance to review tax parcels under specific circumstances, such as clerical errors, significant value decreases in non-residential properties, or discrepancies between assessed value and recent sale prices. This review process, governed by existing standards, can lead to revisions and corrections of assessed values, which are subject to the same notice and appeal procedures as original assessments. Importantly, any such revisions must be completed by September 30, 2026, and will impact tax bills due on October 12, 2026, with specific mailing and payment deadlines for New Castle County. The bill also adjusts the timeline for school districts within New Castle County to deliver their tax warrants and assessment lists, and provides a mechanism for state advances of funds if local school tax revenues are short due to these changes, with the entire act set to expire on March 31, 2027, unless extended.

Government Affairs

https://legis.delaware.gov/BillDetail?LegislationId=142795