Why Should Delaware Care?Last year’s first-in-a-generation property reassessment and its lasting fallout have echoed throughout the state – and particularly New Castle County – over the past year. But as lawmakers propose more reforms and the clock winds down on this year’s legislative session, a last minute bill with the Governor’s backing raises questions about what exactly comes next in Delaware’s property tax saga.
A late-in-the-session bill that could create sweeping changes to Delaware’s property tax system has been endorsed by Gov. Matt Meyer, but it faces opposition from each of the state’s three counties as well as the financial directors of every school district in New Castle County.
In a letter to the General Assembly obtained by Spotlight Delaware, Gov. Meyer encouraged lawmakers to pass Senate Bill 350 – which would establish a framework for dividing properties in the state into four distinct classifications that could be taxed at different rates – before gaveling out for the year on June 30…