Delaware SB350 amends real property tax laws to establish statewide property classes and split-rate tax authority for counties, school districts, and.

Delaware SB350 amends Titles 9 and 14 of the Delaware Code to establish a statewide framework for classifying real property and authorizing different tax rates for different classes. The bill allows counties, school districts, and vocational-technical school districts to impose distinct tax rates on various classes of real property, provided the rates are uniform within each class and comply with constitutional and statutory requirements. It defines classes such as one-to-four-family residential, multifamily residential, mixed-use, and non-residential properties.

Delaware SB350 amends real property tax laws to establish statewide property classes and split-rate tax authority for counties, school districts, and.

Delaware SB350 amends Titles 9 and 14 of the Delaware Code to establish a statewide framework for classifying real property and authorizing different tax rates for different classes. The bill allows counties, school districts, and vocational-technical school districts to impose distinct tax rates on various classes of real property, provided the rates are uniform within each class and comply with constitutional and statutory requirements. It defines classes such as one-to-four-family residential, multifamily residential, mixed-use, and non-residential properties.