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.
One of the solutions implemented for 2025-2026 allowed New Castle County school districts to apply a different tax rate to businesses and commercial property, two times higher than residential property.
That ‘split rate,’ created by HB 242 during a special legislative session, only applied for 2025-2026. State Rep. Kim Williams (D-Stanton) is sponsoring legislation that makes the split rate permanent…