Concerns about New Castle County’s property reassessment continue to spark public outrage, as residents took to public comments at the most recent Finance Committee meeting on Tuesday. The meeting followed a series of discussions at recent county and city meetings, as officials across Wilmington and New Castle County attempt to manage the fallout from the first full property reassessment in …
New Castle County has posted property tax totals for the 2025 tax year following the county’s first full property reassessment in more than 40 years. Residents can now view their tax amounts on the County’s Parcel Search website, with detailed bills set to be mailed the week of July 21. The new tax rates for unincorporated areas are $0.1575 per …
Homeowners throughout New Castle County have just received property reassessment letters giving them the “new tentative assessed value” of their property. And they’re mostly upset, judging from comments on Facebook, because the change is huge and they fear their taxes will go up as much. That’s wrong. “The tax rate will decrease; therefore, DO NOT multiply your new tentative assessed …
Delaware’s Equalization Committee has agreed to not make any decisions on whether to freeze or change the state’s equalization formula, which affects school funding, until next year. The purpose of the equalization formula is to allocate state resources to districts inversely based on their ability to raise revenues through their local property tax base. “It’s to try to help those …
The Delaware Department of Education announced last week it has hired a Virginia consultant to study the state’s public education funding system. As today’s wisecracker would say: Good luck with that. How the money trickles down to the classroom is complex, and it follows a funding system established in the 1940s. The state’s population then was 286,000, compared to today’s …
