AN ACT TO AMEND TITLE 9 OF THE DELAWARE CODE RELATING TO ASSESSMENTS AND TAXATION OF STRUCTURES LOCATED ON LAND IN AGRICULTURAL, HORTICULTURAL, AND FOREST USE.

Summary

The bill updates Delaware’s tax code to let owners of qualified farm, horticultural and forest structures pay tax on only half of their fair market value. It keeps farmhouses and other residential or commercial buildings on the same land taxed at regular rates. The changes aim to preserve agricultural land by reducing the tax pressure on structures that support farming.

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