Delaware House Passes Bill for Accurate Commercial Property Assessments
Dover News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Delawares House of Representatives passed a bill on March tenth to address property reassessment issues, granting limited subpoena power to counties for nonresidential property owners. This power targets assessments using the income approach for commercial properties, aiming for more accurate valuations. The bill, sponsored by Senator Spiros Mantzavinos and amended by Representative Frank Burns, clarifies rules and requires a one-year implementation report. It passed the House with 37 yes votes and is now in the Senate for review, as discussions on further reforms continue in Dover.
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