Wilmington to Reassess Low-Income Homes Amid Tax Backlash
The city of Wilmington is taking action to address the concerns of homeowners in low-income neighborhoods who have seen significant increases in their property tax assessments. The city plans to conduct interior assessments of homes, particularly in areas where assessments have risen by 200% or more. This move comes amidst public outcry, especially in New Castle County, where homeowners are facing substantial tax increases while commercial property values have decreased on average.
New Castle County Executive Marcus Henry has expressed doubts about the city's plan, stating that the county lacks a legal means to revise assessed values outside of the appeal process and what is vaguely outlined in Delaware code. The county has already spent $20 million on hiring Tyler Technologies, the contractor responsible for evaluating parcels in all three counties. Homeowners throughout Delaware are facing increases of up to thousands of dollars in county and school taxes following the first property value reassessment in decades. The special committee investigating the issue is set to hold its next hearing on Oct. 7, aiming to uncover what happened, what went wrong, and who is responsible. In response to the situation, the city has extended its tax deadline to Oct. 31.
The city of Wilmington's initiative to reassess homes in low-income neighborhoods is an attempt to address the significant tax burden faced by homeowners in New Castle County. However, the county executive has raised concerns about the legality of the city's plan. The upcoming committee hearing aims to shed light on the reassessment process and its implications for Delaware residents.
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