DE HB249

Counties must void all property and school tax bills already issued for the 2025-2026 tax year and reissue them using the assessed values from the 2024-2025 tax year instead of new assessments

School districts must deliver new tax collection warrants to counties within 10 business days of the Act's effective date, calculated using the prior year's assessed property values

New construction completed during 2024-2025 that required supplemental assessment is exempt from this rollback and will be taxed at current assessed values

Payment deadline for reissued tax bills is extended to October 30, 2025, with no interest or penalties charged until after that date

Counties must refund or credit overpayments to taxpayers who already paid based on original bills, and school districts may borrow from State Division I funds to cover cash flow shortfalls caused by the extended deadline