State
Delaware
Year
2017
Variations in Receipt of Benefit
No Variation in Receipt of Benefits
Benefit Type
Exemption
Benefit
Some portion of assessed value is exempt from municipal property taxes. The value of the exemption is set locally, with no cap established by the state.
How is Benefit Disbursed
Exemption from assessed value
Eligible Property Type
Residential
Characteristics of Eligible Property
All real property is eligible for this program.
Eligibility Criteria
Age
Homeowner
Description of Eligibility Criteria
The eligible individual must be a resident of Delaware, 65 years of age or older and own the real property. More than one tenant may claim the exemption, but the amount of their exemption is proportional to their share of the property.
Local Option in Adoption of Program
Local government is unable to exercise an option
Local Option Regarding Program Features
Local option regarding program features
State Funding for Local Tax Loss
Local government covers all of its tax loss
Description of State Funding for Tax Loss
State statutes do not provide for state funding for local tax loss.
Record ID
DE102_RR17