DE SB11

Expands compensatory payment eligibility to municipalities with population over 25,000 and at least 20% state-owned tax-exempt property, in addition to the three county seats (Wilmington, Dover, Georgetown).

Establishes tiered payment formulas based on county seat population and tax-exempt property percentage: 36.0% for seats with ≤50,000 population and ≤20% exempt property, 18.0% for seats with ≤50,000 population and >20% exempt property, 100.0% for seats with >50,000 population, and 12.0% for qualifying municipalities.

Caps total annual compensatory payments at $3,900,000 per state fiscal year, with pro-rata reduction of all payments if calculated amounts exceed the cap.

Excludes properties owned by Delaware Housing Authority, Delaware Solid Waste Authority, Delaware State University, and University of Delaware from assessment requirements.

Requires county seats and qualifying municipalities to annually appraise, assess, and submit statements of state-owned property taxes to the Secretary of the Department of Finance for verification before payment authorization.