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Council sets revenue-neutral 2025 tax rate after county reassessment
5390854 · July 14, 2025
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Summary
Following New Castle County’s reassessment, Newark Council adjusted the city's 2025 real-estate tax rate to $0.2385 per $100 of assessed value to keep city revenue neutral; council voted 6–0.
City Council voted unanimously on July 14 to change the 2025 real-estate tax rate to $0.2385 per $100 of assessed value to reflect New Castle County’s court-ordered reassessment and keep city revenue essentially revenue-neutral.
Finance Director Jill Hollander summarized the county’s reassessment: a chancery-court-ordered countywide reassessment found that assessments from 1983 no longer…
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