DE HB264

Amends § 1102 of Title 9 of the Delaware Code to establish a new methodology for calculating New Castle County's fire protection property tax rate for municipalities.

Creates a 10-step calculation formula that determines each municipality's fire protection tax rate based on taxable assessed property value, direct municipal contributions to fire companies, and New Castle County's net fire protection costs.

Credits municipalities for their direct financial or in-kind contributions to volunteer fire companies in the previous year, which reduces their county-imposed fire protection tax rate.

Applies the new calculation separately to each municipality and the unincorporated area within New Castle County that does not directly provide fire protection services.

Effective immediately for New Castle County's fiscal year 2021; implements a recommendation from the Local Service Functions Task Force created by House Concurrent Resolution No. 54.