Delaware Bill Seeks Fairer Property Taxes
Dover News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Delawares Senate Bill 23, sponsored by Senator Spiros Mantzavinos, aims to address issues from recent property reassessments. The bill, now awaiting Governor Matt Meyers signature, mandates businesses to disclose financial information for rental income-based property valuations. A two-year sunset clause was added in the House. This measure follows past assessments marred by incomplete data, leading to inaccurate commercial property valuations. A companion bill for New Castle County has already become law. If signed, this bill could provide Delaware counties with improved tools for fairer property taxes.
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