New Castle County Property Taxes Increase July 1, 2018
New Castle County Property Taxes are increasing July 1, 2018 after County Council passed a budget amendment to raise the county property taxes 15% to balance the budget. There was a budget standoff in the county council over what to cut or raise in order to balance the budget. In a 7-5 vote County Council passed a 15 percent property tax increase to end the budget standoff. The budget shortfall was balanced on the backs on homeowners and home buyers by increasing the property tax as well as an increase to the Sewer Bill last month by 12 percent. The passage of the bill funds County Executive Matt Meyer’s $325 Million operating and construction budget for the up coming fiscal year.