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Lawmakers Advance Property Tax Bills After Reassessment Triggers Public Concern

Brent BurdgeTown Square Live, Delaware Live, Government, Headlines, News, real estate

DOVER, Del. — Delaware lawmakers are advancing a new round of legislation aimed at correcting errors, improving oversight and easing the financial impact of the state’s first statewide property tax reassessment in more than four decades, following widespread concern from homeowners and businesses across the state. The reassessment, completed in 2025, updated property values that in many cases had not been …

The Delaware State Housing Authority (DSHA) has reserved $5.5 million in funding for 15 development projects across four municipalities through the state’s Downtown Development District (DDD) program. (Photo provided by DDD)

State awards $5.5M for Downtown Development projects in four Delaware towns

Claudia EstradaGovernment, Delaware State Government, Headlines, real estate

Officials announced Tuesday that the Delaware State Housing Authority (DSHA) has reserved $5.5 million in funding for 15 development projects across four municipalities through the state’s Downtown Development District (DDD) program. The funding is intended to help catalyze $173.6 million in private investment in revitalization efforts in Dover, Laurel, Georgetown, and Wilmington. Projects receiving reservations include Villa Maria at Brandywine, The Old …

On Thursday,  Wilmington City Council voted to approve a new property tax rate for the upcoming fiscal year. (Photo by David McBee)

Wilmington Council approves property tax rates amid reassessment fallout

Claudia EstradaGovernment, Economy, Government & Politics, Headlines, real estate

WILMINGTON —On Thursday,  Wilmington City Council voted to approve a new property tax rate for the upcoming fiscal year, as residents and lawmakers grappled with the fallout of a controversial reassessment conducted by Tyler Technologies. The approved ordinance establishes a bifurcated tax rate of 3.7413M for residential properties and 5.8276M for commercial properties for fiscal year 2025–2026. The city says …

Mayor John Carney, Chris Buccini, Council Member James Spadola,  at the  grand opening of Market West apartments. (Photo by Claudia Estrada)

Market West grand opening highlights ongoing redevelopment in Wilmington

Claudia EstradaCulture, Business, Headlines, real estate

WILMINGTON-Mayor John Carney, Council Member James Spadola, and BPG representatives, led the ribbon-cutting ceremony at the grand opening of the $110 million redevelopment of 221 West 10th Street. The project converted a 450,000-square-foot office building into 363 luxury apartments.  The redevelopment, which has been in the works for over 25 years, continues to try to build Wilmington’s reputation as a …