Del. Code tit. 9 § 3213

Current through 2024 Legislative Session Act Chapter 494

Section 3213 - Taxation of leased property in TIF District

Whenever the county, as lessor, leases its property within the TIF District, the property shall be assessed and taxed in the same manner as privately owned property, and the lease or contract shall provide that the lessee shall pay taxes or payments in lieu of taxes upon the assessed value of the entire property and not merely the assessed value of the leasehold interest.

9 Del. C. § 3213

76 Del. Laws, c. 187, § 1.;