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2015 Delaware Code
Title 9 - Counties
CHAPTER 32. NEW CASTLE COUNTY TAX INCREMENT FINANCING ACT
§ 3213 Taxation of leased property in TIF District.

9 DE Code § 3213 (2015) What's This?

Whenever the county, as lessor, leases its property within the TIF District, the property shall be assessed and taxed in the same manner as privately owned property, and the lease or contract shall provide that the lessee shall pay taxes or payments in lieu of taxes upon the assessed value of the entire property and not merely the assessed value of the leasehold interest.

76 Del. Laws, c. 187, § 1.;

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