An Act To Amend Title 9 Of The Delaware Code Relating To The Frequency Of Reassessment.

DE HB109 is a proposed law that aims to change how often property assessments are conducted in Delaware. Currently, properties are reassessed on a certain schedule, and this bill seeks to modify that frequency. The goal is to ensure property values are more accurately reflected in tax assessments.

Supporters of DE HB109 argue that more frequent reassessments will lead to fairer property tax rates, ensuring that homeowners pay taxes based on current property values. They believe this will help maintain equity in the tax system and provide local governments with more accurate revenue projections.

Critics of DE HB109 may contend that increasing the frequency of property assessments could lead to higher property taxes for homeowners, especially in rapidly appreciating markets. They might argue that this could create financial strain on residents and disrupt community stability.