Establishes a working group to examine long-term property tax relief and modernization strategies in Delaware.

The resolution establishes a Property Tax Relief and Modernization Working Group to evaluate various property tax relief and stabilization strategies. The group will review homestead exemptions, circuit breaker programs, assessment caps, and other measures used in other states. It will also consider the impacts on school district funding, local government revenues, housing affordability, and economic competitiveness. The Working Group will submit findings and recommendations to the General Assembly within six months.

Establishes a working group to examine long-term property tax relief and modernization strategies in Delaware.

The resolution establishes a Property Tax Relief and Modernization Working Group to evaluate various property tax relief and stabilization strategies. The group will review homestead exemptions, circuit breaker programs, assessment caps, and other measures used in other states. It will also consider the impacts on school district funding, local government revenues, housing affordability, and economic competitiveness. The Working Group will submit findings and recommendations to the General Assembly within six months.