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 …
New NCCo bills show new way to figure out taxes
New Castle County’s just-mailed tax bills come with an explanatory letter titled “Local service function tax rates have changed.” People who live in unincorporated parts of the county – and that’s most residents – and businesses in these unincorporated areas “will not see any change to their property tax rate,” the letter says. But it’s a different story for residents …