DE HR18

Requests New Castle County, Kent County, and Sussex County to each study the viability of implementing a property tax freeze for senior residents who meet county-established household income thresholds

Responds to Delaware's first statewide property assessment in over 40 years, which resulted in significant property tax increases for many residents

Proposes eligibility criteria including Delaware residency, age 65 or older by July 1 of the taxable year, and ownership/residence in the same primary home for at least 3 consecutive years

Suggests the freeze apply to school district taxes (with board approval) and county property taxes, with income limits not exceeding 80% of the Area Median Income as determined by HUD

Outlines conditions that would end the freeze, including property sale or transfer (except to spouse), improvements increasing assessed value by more than 25%, or failure to file biennial certification of continued eligibility