DE SB203

Codifies Delaware counties' authority to adopt different property tax rates for different classifications of real property, provided rates are uniform within each classification as required by the state constitution

Requires that any tax rate established for different property classifications must be uniform for all real property within the same classification

Defines "county tax rate" to include either a single tax rate for all property classes or separate rates adopted under the new classification system

Removes language stating that all real property "shall be taxed at the same rate," replacing it with language allowing for classification-based taxation

Applies retroactively and prospectively to county tax rates adopted before, on, or after the effective date of the Act