Delaware HB242 allows New Castle County school districts to reset local school tax rates for the 2025-2026 tax year.

Delaware HB242 allows school districts in New Castle County to reset their local school tax rates for the 2025-2026 tax year. The new tax rates must include a residential rate and a non-residential rate, with the non-residential rate being at least equal to but no more than twice the residential rate. The total revenue collected cannot exceed the original projections. If taxpayers overpay after the adjustment, they can request a refund or have the overpayment credited to future taxes.

Delaware HB242 allows New Castle County school districts to reset local school tax rates for the 2025-2026 tax year.

Delaware HB242 allows school districts in New Castle County to reset their local school tax rates for the 2025-2026 tax year. The new tax rates must include a residential rate and a non-residential rate, with the non-residential rate being at least equal to but no more than twice the residential rate. The total revenue collected cannot exceed the original projections. If taxpayers overpay after the adjustment, they can request a refund or have the overpayment credited to future taxes.