Effective for county tax and fiscal years beginning on or after January 1, 2018, the residency requirement for the Delaware senior school property tax credit is increased from 3 consecutive years to 10 consecutive years as of June 30 immediately before the beginning of the county fiscal year. Taxpayers who are 65 or older and meet the residency requirements may claim a credit against school property taxes on a primary residence of up to 50% of tax liability remaining after certain exemptions and reductions or $500, whichever is less.
Ch. 71 (H.B. 99), Laws 2017, effective as noted