Delaware lawmakers commit to reviewing how counties valued property

Lawmakers have committed to reviewing the recent reassessment and comparing practices elsewhere. The review covers every Delaware county, including property values, appeals, and what residents were told. Lawmakers will consider whether the state should help conduct reassessments, check results, or oversee appeals. The resolution calls for an immediate review of the recent statewide reassessment.

Lawmakers will consider allowing counties and school districts to set different tax rates for different value ranges within a type of property. The study also covers ways school districts could raise money as counties reassess property more often. No tax rule changes through this resolution; lawmakers would need to act later. The school funding study responds to the existing rule that counties reassess property at least every five years.

Lawmakers will explore property tax credits and exemptions for older Delaware residents. The ideas include help for seniors with limited means to handle sudden tax increases. Lawmakers will also consider how to keep enough funding for schools. Any new relief would require later action.