From the 153rd General Assembly, this Act amends Title 14 to restrict public school districts from increasing property tax revenue by more than 2% annually for five years following a countywide reassessment. Previously, districts could raise taxes up to 10% post-reassessment. The bill aims to promote fiscal transparency and protect taxpayers from sudden spikes in school-related property taxes.
For the complete bill, please click here: https://legis.delaware.gov/BillDetail?LegislationId=142681