Property value must be reassessed every five years, according to a bill passed by the Delaware House Thursday and sent along to the Senate. House Bill 62, sponsored by Rep. Madinah Wilson-Anton, D-Newark, would require counties to reassess real property values at least once every five years, starting with the next reassessment. That hasn’t been done in New Castle County …
Republican bill would increase senior property tax credit to $750
A Republican-backed bill to nearly double the tax break for senior citizen homeowners is pending action in the Delaware House of Representatives. House Bill 287, sponsored by Rep. Kevin Hensley, R-Odessa, would increase the Senior School Property Tax Credit to a maximum of $750 annually. Currently, homeowners ages 65 and older are eligible for a 50 percent tax credit against …