2023 Delaware Reassessment Project: Everything You Need to Know

All three counties in Delaware are currently undergoing a comprehensive reassessment project, working in partnership with contractor Tyler Technologies. The initiatives come with a substantial price tag of $27.8 million, but the long-overdue reassessments of 482,097 properties in the state are paramount.

As the reassessment projects progress, the urgency becomes palpable. Kent County’s reassessment is expected to be completed by the spring of 2024 with initial notices of new value issued this month. Sussex and New Castle County are to follow suit, with their reassessments projected to be finalized by the spring of 2025. As the current taxable figures rely on values from 1978 and 1983, the new assessments will reflect the remarkable growth and transformation of property values over the past few decades.

With an imminent surge in property values on the horizon, property owners can be proactive in preparing for potential increases in their tax bills by contacting the local Ryan professionals. Our expert team possesses a profound understanding of property tax intricacies and the reassessment process, making them an ideal source of knowledge and guidance during this transformative period. Don’t leave your commercial properties financial stability to chance—act now and connect with us today to mitigate the impact of substantial increases.