Members of the Joint Special Property Reassessment Committee introduced a package of legislation Thursday aimed at addressing concerns tied to Delaware’s statewide property reassessment process.
The bills follow more than a year of feedback, research and public hearings after reassessments were conducted in all three Delaware counties. A 2020 lawsuit required the reassessments, marking the first in New Castle and Kent counties since 1987 and the first in Sussex County since 1974.
The process led to higher tax burdens for many property owners, especially in New Castle County, where the average resident saw assessed home values rise by 433%…