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Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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SB350 • 2025

AN ACT TO AMEND TITLE 9 AND TITLE 14 OF THE DELAWARE CODE RELATING TO REAL PROPERTY TAXATION, CLASSIFICATION, AND SPLIT-RATE TAX AUTHORITY.

AN ACT TO AMEND TITLE 9 AND TITLE 14 OF THE DELAWARE CODE RELATING TO REAL PROPERTY TAXATION, CLASSIFICATION, AND SPLIT-RATE TAX AUTHORITY.

Education Housing Taxes
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Last action
2026-06-19
Official status
Introduced and Assigned to Executive Committee in Senate
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

AN ACT TO AMEND TITLE 9 AND TITLE 14 OF THE DELAWARE CODE RELATING TO REAL PROPERTY TAXATION, CLASSIFICATION, AND SPLIT-RATE TAX AUTHORITY.

AN ACT TO AMEND TITLE 9 AND TITLE 14 OF THE DELAWARE CODE RELATING TO REAL PROPERTY TAXATION, CLASSIFICATION, AND SPLIT-RATE TAX AUTHORITY.

What This Bill Does

  • AN ACT TO AMEND TITLE 9 AND TITLE 14 OF THE DELAWARE CODE RELATING TO REAL PROPERTY TAXATION, CLASSIFICATION, AND SPLIT-RATE TAX AUTHORITY.
  • This Act establishes a uniform statewide framework for classifying taxable real property and explicitly grants split-rate tax authority to counties, school districts, and vocational-technical school districts.
  • The Act defines four baseline, statewide property classes based on use: Class A (one-to-four-family residential property); Class B (multifamily residential property, including affordable and income-restricted housing); Class C (non-residential commercial, industrial, utility, and institutional property); and Class D (mixed-use property, which must have its assessed value allocated proportionally among the other classes based on floor area or another objective measure).
  • The Act explicitly declares that Class A and Class B properties together comprise Delaware’s residential housing sector and protects multifamily housing from being treated as commercial or industrial property for tax purposes.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-06-19 Delaware General Assembly

    Introduced and Assigned to Executive Committee in Senate

Official Summary Text

AN ACT TO AMEND TITLE 9 AND TITLE 14 OF THE DELAWARE CODE RELATING TO REAL PROPERTY TAXATION, CLASSIFICATION, AND SPLIT-RATE TAX AUTHORITY.
This Act establishes a uniform statewide framework for classifying taxable real property and explicitly grants split-rate tax authority to counties, school districts, and vocational-technical school districts.

The Act defines four baseline, statewide property classes based on use: Class A (one-to-four-family residential property); Class B (multifamily residential property, including affordable and income-restricted housing); Class C (non-residential commercial, industrial, utility, and institutional property); and Class D (mixed-use property, which must have its assessed value allocated proportionally among the other classes based on floor area or another objective measure). The Act explicitly declares that Class A and Class B properties together comprise Delaware’s residential housing sector and protects multifamily housing from being treated as commercial or industrial property for tax purposes.

To protect renters and affordable housing developments from disproportionate tax bu