Seniors in Delaware may save an additional $350 in school property taxes next year under a bill that drew lots of discussion in the House Education Committee Wednesday. House Bill 29, sponsored by Rep. Kevin Hensley, R-Odessa, increases the Senior Real Property Tax credit to $750 from $400. That’s will counter a raise put in place by the Appropriations Bill …
Legislators call for means testing for property tax creditsÂ
Calls to consider means testing before granting veteran and senior housing tax breaks shocked a legislative committee last month. Delaware’s secretary of finance doesn’t think an income-based means test for property tax breaks is likely. Even so, Rick Geisenberger did say that a means test based on property values not only could happen, but should. “Seniors get a lot of …