DE HB243

School districts may set separate tax rates for residential and non-residential properties, with the non-residential rate required to be at least equal to but no more than twice the residential rate

Total revenue collected under different residential and non-residential rates cannot exceed what the district would be authorized to collect using a single tax rate

School boards may add up to 10% to their authorized tax rate for delinquencies and collection costs, changing from the current requirement to add exactly 10%

Following a county reassessment that changes total assessed property values, school boards must calculate new tax rates that realize no more than a 10% increase in actual revenue over the prior fiscal year

School boards may adjust tax rates based on updated annual assessments as long as total taxes collected do not exceed the authorized amount