SB35

Delaware SB35 amends tax assessment rules for structures on agricultural, horticultural, and forest land.

Delaware SB35 amends Title 9 of the Delaware Code to modify assessment procedures for structures on agricultural, horticultural, and forest land. The bill changes the formula for assessing these structures, requiring it to be based on the preceding 20 years of land values and other fair value indicators. It also adjusts the criteria for eligibility, requiring landowners to certify their land use and structures. The bill introduces automatic renewal of qualification for those already eligible and imposes roll-back taxes and penalties for structures that change use.