Governor Meyer Signs Property Tax Relief and Reform Legislation
August 13, 2025/
Governor Matt Meyer this week signed several bipartisan reforms to provide immediate relief to Delaware homeowners facing sharp property tax increases and to ensure fairness following the statewide property reassessment. The bills were crafted to create fairer tax rates that ease the burden on homeowners, provide flexible payment plan options, and issue refunds to property owners who overpaid, all while maintaining resources for school districts. Passed legislation also calls for a review of the assessment process and development of improvement recommendations for future reassessments.
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Signed Bills Include:
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House Bill 240:聽Authorizes counties to issue refunds to taxpayers for property taxes overpaid by more than $50 the year after a reassessment.聽
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House Bill 241:聽Authorizes counties to offer payment plans for school and county if a taxpayer鈥檚 bill increases by $300 or more from the previous year. Late payment penalties for anyone under a payment plan are suspended, and all other late penalties in New Castle County are reduced from 5% to 1%, the same as Kent and Sussex. This bill sunsets three years after enacted into law.聽
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House Bill 242:聽Allows for school districts in New Castle County to revise tax rates for the 2025-2026 school year by setting separate residential and non-residential tax rates, adjusting the balance between the two categories, while ensuring there is no increase in total revenue, protecting taxpayers from large tax increases.
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Senate Bill 203:聽Codifies the authority for counties to set different property tax rates for residential and non-residential properties.聽
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Senate Bill 204:聽Codifies the authority for municipalities to set different property tax rates for residential and non-residential properties.聽
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Senate Concurrent Resolution 122:聽Orders a comprehensive review of the reassessment process to develop improvements for future assessments.