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DE HB245
Bill
Status
8/13/2025
Primary Sponsor
Michael Smith
Click for details
AI Summary
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Eliminates the automatic 10% property tax increase that school districts were previously allowed to impose following a county-wide real estate reassessment
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Requires school boards to calculate new tax rates that result in zero revenue increase after reassessment, rather than allowing up to 10% additional revenue
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Provides an exception allowing districts to raise tax rates by up to 10% only if they face a projected revenue loss due to reassessment, and only to reach a revenue-neutral position
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Mandates that any tax rate increases beyond the revenue-neutral adjustment must be approved by voters through a referendum under existing procedures
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Takes effect July 1, 2025, applying to all public school tax rates set after that date
Legislative Description
An Act To Amend Title 14 Of The Delaware Code Relating To Limitation On Public Schools' Tax Rate After General Reassessment.
Last Action
Defeated By House. Votes: 15 YES 6 NO 18 NOT VOTING 2 ABSENT. Reason Taken: Motion to Suspend Rules on HB 245
8/13/2025