This House Amendment to Senate Substitute No.

Plain English Breakdown

The official source does not provide details about the implementation of these changes, leaving this aspect unclear.

Clarifying Property Assessment Review Powers

This bill clarifies New Castle County's ability to review and correct property assessments without being limited by certain parameters.

What This Bill Does

• It says that New Castle County can still make changes to property assessments even if there are rules about quality control reviews.
• It allows the county to do extra checks on properties where mistakes might have happened.

Who It Names or Affects

• New Castle County
• Property owners in New Castle County

Terms To Know

fair market value

The price at which a property would sell if both the buyer and seller are knowledgeable about the property's worth.

Limits and Unknowns

• It does not specify how New Castle County will implement these changes.
• It is unclear what specific errors or mistakes in valuation it refers to.

Official Summary Text

This House Amendment to Senate Substitute No. 1 to Senate Bill No. 228 clarifies that the quality control review parameters articulated in Senate Substitute No. 1 to Senate Bill No. 228 are not limitations on the power of New Castle County to otherwise make revisions and corrections to property assessments in the county and that New Castle County may conduct additional quality control review where it appears that an error or mistake in valuation may have occurred.
The amendment also adds a whereas clause that references the existing “fair market value” standard for valuation contained in the Delaware Code.

Current Bill Text

Legislation Document

SPONSOR:

Rep. Romer

HOUSE OF REPRESENTATIVES

153rd GENERAL ASSEMBLY

HOUSE AMENDMENT NO. 2

TO

SENATE SUBSTITUTE NO. 1

FOR

SENATE BILL NO. 228

AMEND Senate Substitute No. 1 for Senate Bill No. 228 by inserting the following after line 38 and before line 39:

“WHEREAS, under current law, all property subject to assessment must be assessed at its fair market value as of the county’s most recent reassessment base year, and the County bears responsibility for ensuring assessed values reflect that standard; and”.

FURTHER AMEND Senate Substitute No. 1 for Senate Bill No. 228 by inserting the following after line 81 and before line 82:

“

(i) This section is not a limitation on the power of New Castle County to perform quality control and make revisions and corrections relating to the assessed value of any tax parcel or parcels in its jurisdiction. In addition to the categories set forth in subsection (a) of this section, New Castle County may identify additional categories of tax parcels for quality control review where it appears that an error or mistake in valuation may have occurred.

”.

SYNOPSIS

This House Amendment to Senate Substitute No. 1 to Senate Bill No. 228 clarifies that the quality control review parameters articulated in Senate Substitute No. 1 to Senate Bill No. 228 are not limitations on the power of New Castle County to otherwise make revisions and corrections to property assessments in the county and that New Castle County may conduct additional quality control review where it appears that an error or mistake in valuation may have occurred.

The amendment also adds a whereas clause that references the existing “fair market value” standard for valuation contained in the Delaware Code.