Delaware SB204 amends municipal tax rates based on property classification, ensuring uniformity within each classification.

Delaware SB204 amends Title 22 of the Delaware Code to allow municipalities to set different tax rates for residential and nonresidential real property. The bill mandates that these tax rates must be uniform for all properties within the same classification, as required by the Delaware Constitution. This change aims to provide municipalities with more flexibility in managing their tax policies while maintaining constitutional standards.

Delaware SB204 amends municipal tax rates based on property classification, ensuring uniformity within each classification.

Delaware SB204 amends Title 22 of the Delaware Code to allow municipalities to set different tax rates for residential and nonresidential real property. The bill mandates that these tax rates must be uniform for all properties within the same classification, as required by the Delaware Constitution. This change aims to provide municipalities with more flexibility in managing their tax policies while maintaining constitutional standards.