Counties would redo 2025–26 property tax bills using prior values

School districts would send revised tax figures to counties, which would replace covered tax bills. This covers Delaware county property and local school taxes for the 2025–26 tax year. The replacement bill would use the property's 2024–25 assessed value for county property tax and local school tax. The replacement requirement would not apply to bills for buildings completed during 2024–25 that required an added assessment. School districts would send the figures within 10 business days after the act takes effect; counties would replace covered bills after receiving them.

Counties would extend the payment deadline and delay late charges for replacement bills. This covers reissued 2025–26 tax bills, including any extra amount owed after adjustment. Payment would be due October 30, 2025; interest and penalties could begin only after that date.

Counties would refund or credit taxpayers who overpaid. This applies to taxpayers with adjusted 2025–26 tax bills. The taxpayer must have paid a 2025–26 bill that was later adjusted, leaving an overpayment. The refund or credit would follow the adjustment of a paid bill.

School districts could request and borrow from State Division I funds. This applies to Delaware school districts facing that shortage. A district must face a shortage of local school money because the tax payment deadline was extended. The borrowing provision applies to a shortage tied to the extended tax deadline for the 2026 fiscal year.