Delaware HB462 amends school tax laws, adjusting tax rates and collection procedures.
Delaware HB462 amends Title 14 of the Delaware Code concerning school taxes. It adjusts the tax rates for residential and non-residential properties, ensuring the non-residential rate does not exceed 1.85 times the residential rate. The bill also mandates that districts with non-residential rates higher than 1.85 times the residential rate must adjust these rates starting with the 2026-2027 tax year. Additionally, it limits the New Castle County Vocational Technical District to a single tax rate beyond the 2025-2026 tax year.
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- Core Provisions
- Implementation
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- Legal Framework
- Critical Issues
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