Establishes a working group to examine long-term property tax relief and modernization strategies in Delaware.
The bill establishes a Property Tax Relief and Modernization Working Group to examine long-term property tax relief and modernization strategies in Delaware. The group will review property tax relief and stabilization strategies from other states and develop recommendations for the 154th General Assembly. The working group will examine policy areas such as homestead exemptions, circuit breaker programs, assessment caps, deferral programs, and differential tax treatment.
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