SPONSOR: Rep. Hensley & Sen. Hoffner Reps. Hilovsky, Michael Smith, Yearick; Sen. Wilson HOUSE OF REPRESENTATIVES 153rd GENERAL ASSEMBLY HOUSE BILL NO. 109 AN ACT TO AMEND TITLE 9 OF THE DELAWARE CODE RELATING TO THE FREQUENCY OF REASSESSMENT.
SPONSOR: Rep. Hensley & Sen. Hoffner Reps. Hilovsky, Michael Smith, Yearick; Sen. Wilson
SPONSOR: Rep. Hensley & Sen. Hoffner
Reps. Hilovsky, Michael Smith, Yearick; Sen. Wilson
SPONSOR:
Rep. Hensley & Sen. Hoffner
Reps. Hilovsky, Michael Smith, Yearick; Sen. Wilson
HOUSE OF REPRESENTATIVES
153rd GENERAL ASSEMBLY
HOUSE BILL NO. 109
AN ACT TO AMEND TITLE 9 OF THE DELAWARE CODE RELATING TO THE FREQUENCY OF REASSESSMENT.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE: Section 1. Amend 8306, Title 9 of the Delaware Code by making deletions as shown by strike through and insertions as shown by underline as follows: 8306. Standard of assessment; frequency of reassessment. (b) (1) All real property must be reassessed by the county in which the real property is located at least once every 5 10 years. (2) Each 5-year 10-year period under paragraph (b)(1) of this section starts on the date a county board of assessment adopts a certification under 8314 of this title reflecting the completion of a general reassessment of all real property within that county.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend 8306, Title 9 of the Delaware Code by making deletions as shown by strike through and insertions as shown by underline as follows:
8306. Standard of assessment; frequency of reassessment.
(b) (1) All real property must be reassessed by the county in which the real property is located at least once every 5 10 years.
(2) Each 5-year 10-year period under paragraph (b)(1) of this section starts on the date a county board of assessment adopts a certification under 8314 of this title reflecting the completion of a general reassessment of all real property within that county.
SYNOPSIS This Act requires that each county reassess the value of real property in the county at least once every 10 years instead of the current 5 year requirement.
SYNOPSIS
This Act requires that each county reassess the value of real property in the county at least once every 10 years instead of the current 5 year requirement.