DelawareDelaware panel would study how farm property is valued for taxes
If lawmakers and the governor approve the resolution, Delaware’s farmland commission would study how to value farm and forest property for taxes and report its findings.
What it does
If lawmakers and the governor approve it, the farmland commission would study how to value land and structures used for farming, growing plants, or forestry, consider other states’ methods, and report by March 2, 2026.
Argument forStudying other states’ methods could give Delaware officials ideas for valuing farm and forest property more fairly.
Argument againstFarm owners might see no tax relief from a study and recommendations because the resolution would not change their tax bills.
More detail
The State Farmland Advisory Commission would study property values and send a report with recommendations. The study would cover land and structures used for farming, growing plants, or forestry. Lawmakers and the governor must approve the resolution. The study must consider how other states value covered property. The commission would send its findings and recommendations to the governor, state lawmakers, and legislative staff by March 2, 2026.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jun 12Introduced and Assigned to Agriculture Committee in SenateIntroduced
AgricultureTaxes & Budget