CHAPTER 66

FORMERLY

HOUSE BILL NO. 254

AN ACT TO PROVIDE FOR A UNIFORM TAX RATE ON PROPERTIES IN THE SMYRNA SCHOOL DISTRICT.

WHEREAS, the recent New Castle County reassessment by Cole, Layer & Trumble has greatly inflated the assessments in that part of the Smyrna School District situated in New Castle County relative to the remainder of the district; and

WHEREAS, the Smyrna School District must plan its 1974 budget before any determination can be made of the true percentage factor between county assessments; and

WHEREAS, a uniform tax rate on properties obviously assessed at widely varying percentages of true value would result in gross inequities among taxpayers.

NOW, THEREFORE :

Be it enacted by the General Assembly of the State of Delaware:

Section 1. The School Board of the Smyrna School District shall for the fiscal year 1974 only levy real estate taxes in the following manner:

(a) In Kent County at the maximum rate authorized by law and by referendum prior to January 1, 1973.

(b) In New Castle County at a rate which at its maximum would bring in revenues equal to the maximum amount authorized by law and by referendum prior to January 1, 1973, plus ten percent (10%).

Approved June 5, 1973.