Senior School Property Tax Credit

State

Delaware

Year

2016

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Credit

Benefit

The local school board allows for a credit against school taxes imposed against principal residence that is the lesser of 50% of taxes remaining after homestead and other exemptions are taken, or $500. The vocational portion of the tax bill is excluded. The senior cut is calculated after across-the-board cuts.

How is Benefit Disbursed

Credit to the property tax bill

Eligible Property Type

Residential

Characteristics of Eligible Property

Only residential property is eligible for this program.

Eligibility Criteria

Age

Homeowner

Principal Residence

Description of Eligibility Criteria

The individual must be 65 years of age or older, the property must be owned by the individual and be the principal residence.

Local Option in Adoption of Program

Local government must take action to opt out

Local Option Regarding Program Features

Local option regarding program features

State Funding for Local Tax Loss

State reimburses all of the local government tax loss

Description of State Funding for Tax Loss

States will mail rebate checks directly to individuals who qualify for the program.

Record ID

DE103_RR16

Footnotes

To receive this tax credit, taxpayers must have paid in full their property tax bill at the end of the tax year for which the credit was reported.

Sources

Del. Code tit. 14, § 1917 (c) (in effect for 2016)

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