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 …
The Delaware House of Representatives on Thursday passed a bill that creates a tax system for legal marijuana in the state. House Bill 2, which passed 27-13, is a companion bill to House Bill 1, which was passed by the House the other day and would legalize marijuana. HB2 next goes to the Senate. Gov. John Carney vetoed a similar …
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 …
