Delaware Code Title 9 Sec. 8340 – Levy of tax and creation of a lien based on the supplemental …
On the date of certification of a supplemental tax roll to the respective county government:
(1) The property owners listed thereon shall be liable to pay taxes equal to the assessed value of the property multiplied by the tax rates for the then current fiscal year applicable to the property, reduced by 25% where the property is listed on the second supplemental assessment roll; by 50% where the property is listed on the third supplemental assessment roll; and by 75% where the property is listed on the fourth supplemental assessment roll; and
(2) The amount of such tax shall be and remain a lien on such property, together with any penalties which might thereafter accrue, until such taxes and penalties are paid in full.
Terms Used In Delaware Code Title 9 Sec. 8340
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Lien: A claim against real or personal property in satisfaction of a debt.
Such tax rates shall include, without limitation, the tax rate imposed by any school boards for districts in which the property is located.
9 Del. C. 1953, § ?8334; 56 Del. Laws, c. 457, § ?1;