From the 153rd General Assembly, this Act amends Title 14 to remove the automatic allowance for public school districts to increase property tax rates by up to 10% following a countywide reassessment. Beginning July 1, 2025, any post-reassessment tax rate must remain revenue-neutral unless a district faces a projected revenue loss directly caused by reassessment. In such cases, a limited increase—capped at 10%—may be permitted to maintain fiscal stability.
For the complete bill, please click here: https://legis.delaware.gov/BillDetail?LegislationId=142682