Del. Code tit. 9 § 8306

Current through 2024 Legislative Session Act Chapter 402
Section 8306 - Standard of assessment; frequency of reassessment
(a) All property subject to assessment shall be assessed at its present fair market value.
(b)
(1) All real property must be reassessed by the county in which the real property is located at least once every 5 years.
(2) Each 5-year period under paragraph (b)(1) of this section starts on the date a county board of assessment adopts a certification under § 8314 of this title reflecting the completion of a general reassessment of all real property within that county.

9 Del. C. § 8306

Amended by Laws 2023, ch. 162,s 1, eff. 8/9/2023.
Code 1852, § 170; Code 1915, §§ 1133-1133B; 28 Del. Laws, c. 79, § 23; 29 Del. Laws, c. 72, § 25; 30 Del. Laws, c. 77, § 23; 31 Del. Laws, c. 14, § 8; 32 Del. Laws, c. 69, § 3; Code 1935, §§ 1280, 1294, 1333; 9 Del. C. 1953, § 8307.;