b. If authorized by majority vote of the whole school board of the local school district pursuant to § 6102(q) of Title 29, there shall be allowed a credit against taxation imposed pursuant to this chapter on the valuation of any qualified property. §§ § § Laws, c. 351,  47, 36 Del. Personal property, tangible and intangible property is exempt. http://finance.delaware.gov/publications/proptax/propmain.shtml. Laws, c. 122, (b) The district shall prepare at the close of each fiscal year a financial report as specified in § 1507 of this title. Sess., c. 256,, VA Disability: Dependency and Indemnity Compensation: Not subject to state or federal income tax. Cape Henlopen $3.6774. § § Why property taxes are unfair in Delaware The News Journal - Wilmington, Del. Laws, c. 122, § 42, effective July 8, 2003. (b) On or before the last day of each month, the State Treasurer shall credit the operating and debt service accounts respectively of each school district’s operating and debt service funds with interest on the average balances in operating and debt service funds for the preceding month. Some real estate firms do not participate in Internet Data Exchange® and their listings do not appear on this website. The credit is equal to 50% of school property taxes, up to a maximum of $400 per year. § Laws, c. 284, The Senior School Property Tax Credit may be used against the property taxes on a primary residence. Copies of the financial report shall be placed on file for review by the public in each school in the district, in the district’s central administrative offices and in each public library located within the school district. However, real property may be subject to school district property taxes, county property taxes, any municipal property taxes, and vocational school district taxes.  54, 56 Del. (b) The tax rate for current operating expenses shall be the rate of taxes levied for current operating expenses in the district being divided in the fiscal year in which the State Board of Education adopts the plan dividing the district. Deborah Reed is a real estate agent licensed in Delaware.  19, 59 Del.  1, 62 Del.  1, 2, 66 Del.  238, 69 Del.  280, 71 Del. Laws, c. 203, ©2021 The Debbie Reed Team Realtor. 1924. § Military Disability Pay: Disability portion-Length of service pay- Member as of September 24, 1975- no tax; Member after September 24, 1975-taxed, unless combat incurred.  10, 60 Del. (b) The interim board of education or board of education or other authority mandated by the court or by this title for each reorganized school district may annually set a tax rate for current operating expenses not greater than a maximum rate to be determined by the State Board of Education in accordance with the following mathematical procedure: (1) Determine the total aggregate dollar amount of local tax funded current operating cost expenditure in the school districts (except vocational-technical school districts unless such districts are included in the consolidation) of the consolidated area in the year prior to consolidation. (1) “Consolidated area” shall refer to a contiguous geographical area in which all school districts (except vocational-technical school districts unless specifically included by the court or the consolidation) are being organized into 1 or more reorganized school districts. The forms shall show a complete breakdown of taxes collected, such as capitation, debt service and current expenses, and such other information as may be required. Laws, c. 25, The Department of Taxation collects … Laws, c. 303, § (5) The Secretary of Finance may, in consultation with the receiver of taxes and county treasurer, promulgate such rules and regulations and prescribe such forms as the Secretary shall deem necessary to implement this subsection. Prior to the Tax Cuts and Jobs Act (TCJA), individuals were permitted to claim an unlimited amount of state and local real property and income taxes paid as itemized deductions. – Delaware County Taxes – all Delaware County communites pay the same 5.30 mills – School Taxes – the largest component of the tax structure – Municipal Taxes – each community levies a local municipal tax. Required vote for authorization of additional tax. § § 1908. The Secretary of Finance may use an amount from the Elderly Property Tax Relief and Education Expense Fund established pursuant to § 6102(q) of Title 29, Delaware Code to offset administrative costs up to 5% of the value of credits claimed, but not to exceed $50,000. No State Taxes . Some properties listed with participating firms do not appear on this website at the request of the seller. For more information, visit the Delaware Insurance Department online. STATE OF DELAWARE QUALIFYING INFORMATION - TO BE COMPLETED BY EACH APPLICANT APPLICATION FOR SENIOR SCHOOL PROPERTY TAX CREDIT Note: If you are delinquent in your property taxes, you do not qualify for this credit. That is important because homeowners age 65 and over may get a credit equal to on half of the school property taxes, up to $500, subject to residency requirements. (2) The Secretary of Finance shall, after receiving the report required under paragraph (c)(1) of this section, pay over to each receiver of taxes and county treasurer an amount from the Elderly Property Tax Relief and Education Expense Fund established pursuant to § 6102(q) of Title 29, Delaware Code, to offset administrative costs to each county an amount up to 5% of the value of credits claimed, but not to exceed $50,000. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. For purposes of this subsection, the term “full valuation” shall mean the assessed valuation of a real property divided by the most current assessment to sales price ratio for property within each county among the following sources of such ratios: (1) The aggregate assessment to sales price ratio for all types of real estate in that county as presented in the 1982 Taxable Property Values and Assessments survey for Delaware, United States Bureau of Census. § Mere seasonal or temporary residence within the State, of whatever duration, shall not constitute domicile within the State for the purposes of this section. Homeowners age 65 or over are eligible for a tax credit against regular school property taxes of 50 percent (up to $400). Tax rates in districts resulting from consolidation pursuant to court order or created after February 1, 1978, but prior to July 30, 1978. An independently owned and operated broker member of RE/MAX. Laws, c. 511, (a) Warrants or drafts on the said fund shall be drawn by the school board of the district and applied only for the purpose for which the levy is made. Delaware Valley School District 113.85 mills Payment Schedule for Township & County Taxes to the Collector: Before 4/30/21 @ 2.00% discount Between 5/1/21 and 6/30/20 Beginning 7/1/21 10% penalty Pay Tax Collector before 12/31/21. STATE OF DELAWARE . Laws, c. 225,  13, 60 Del. STATEWIDE DEADLINE IS APRIL 30TH FOR THE UPCOMING TAX YEAR THIS CREDIT IS NOT PERMITTED RETROACTIVELY 1914. §§ Woodbridge $3.902. It doesn't matter if a company's physical location is in the state or not; as a Delaware corporation, no … This must be your full-time, primary residence; Lived in Delaware the last three (3) years prior to July 1; Note: Individuals who establish legal domicile in Delaware on or after … (3) A county ordinance adopted on or before January 1, 1998, granting, clarifying or expanding any exemption from county taxation. Laws, c. 215, The student body is diverse and allows for classmates to expose themselves to different cultures. § (e) The interim board of education or board of education or other authority mandated by the court or by this title for each reorganized school district may each fiscal year determine and set tax rates for tuition and for minor capital improvements for the next fiscal year. Out of State government pensions qualify for the pension exemption.  1, 51 Del. In the case of the school district of the City of Wilmington, such tax as is necessary to support its local district contribution may be levied, notwithstanding the maximum tax rate specified in § 11, Chapter 92, Volume 23, Laws of Delaware, as amended by Chapter 9, Volume 56, Laws of Delaware and, unless otherwise specifically provided, such tax rate as may be so specified on or after June 3, 1968. § In determining such total amount the State Board shall take the known total aggregate dollar amount of local tax funded current operating cost expenditure in the fiscal year preceding the year prior to consolidation and shall adjust this amount to take into account historic annual percentage changes in such total dollar amounts; (2) Calculate the average per pupil local tax funded operating cost expenditure by dividing the dollar amount determined in paragraph (b)(1) of this section by the total number of students resident in the consolidated area who attend public schools of the districts (except vocational-technical school districts unless such districts are included in the consolidation) within the consolidated area on September 30 of the year prior to consolidation; (3) Multiply the per pupil figure determined in paragraph (b)(2) of this section by the projected number of pupils expected to attend school in the reorganized school district in the first year of consolidation, such projected number to be determined by the State Board of Education by whatever tests or standards it finds appropriate; (4) Determine the tax rate which, when multiplied by the total assessed value of all taxable real estate in the reorganized school district at the time the maximum is calculated, except taxable real estate which is exempt from county taxation, as determined and fixed for county tax purposes, would yield tax dollars collectible equal to 110 percent of the total dollar amount determined in paragraph (b)(3) of this section.