SS 1 for SB 35 — Fiscal Note/Fee Impact

… cted from assessed agricultural, horticultural, and forest use buildings are distributed to local school districts as revenue. The real estate tax relief will result in local school revenue loss statewide. 4. Kent and Sussex Counties provided …

… uildings are distributed to local school districts as revenue. The real estate tax relief will result in local school revenue loss statewide. 4. Kent and Sussex Counties provided a list of agricultural buildings and their assessed value as of t …

… r each building would be eligible for tax relief, this can be used for the estimated maximum impact on local school revenues. A breakdown of local school revenue loss by school district is provided below. District Local School Revenue Los …

… r tax relief, this can be used for the estimated maximum impact on local school revenues. A breakdown of local school revenue loss by school district is provided below. District Local School Revenue Loss District Local School Revenue Loss …

… ool revenues. A breakdown of local school revenue loss by school district is provided below. District Local School Revenue Loss District Local School Revenue Loss Caesar Rodney $ 39,060 Cape Henlopen $ 25,640 Capital $ 123,267 Delmar $ 67 …

… hool revenue loss by school district is provided below. District Local School Revenue Loss District Local School Revenue Loss Caesar Rodney $ 39,060 Cape Henlopen $ 25,640 Capital $ 123,267 Delmar $ 67,618 Lake Forest $ 149,531 Indian Ri …

… er each reassessment counties are required to reset school property tax rates and may include up to a 10% increase in revenue. Kent County’s next reassessment will go into effect Fiscal Year 2029, and based on the most recent reassessment scho …

… ent will go into effect Fiscal Year 2030, so no inflationary growth adjustment is required. Cost: Local School Revenue Loss New Castle County Kent County Sussex County Fiscal Year 2027: Indeterminable $ 468,657 $ 655,125 Fiscal Year …