Rehoboth Beach Plans for First Reassessment Since 1968 - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Rehoboth Beach Plans for First Reassessment Since 1968

Posted: Updated:
(Photo: WBOC) (Photo: WBOC)

REHOBOTH BEACH, Del.- The city of Rehoboth Beach is moving forward with plans for the first reassessment in more than four decades.

Mayor Sam Cooper said a search is under way for a firm to complete the project. The last assessment took place in 1968.

"It's become so outdated," Cooper said. "After 44 years, it really needs to be done now."

The mayor said the leading issues are fair distribution of taxes and changing dynamics of the real estate market. Cooper said the reassessment will probably show a large increase in land value, especially near the ocean.

The city is expected to cut its tax rate, making any assessment changes revenue neutral.

"Some tax bills are going to go up, some will go down, some are going to stay about the same but it will be revenue neutral to the city," Cooper said. "We will take in the same amount of tax revenue."

The city has set aside $138,000 for the project, which will include more about 3,250 properties.

The proposal has some business owners concerned, especially renters who fear a higher assessment will lead to higher taxes that could eventually be passed down by the owner.

"We know an assessment probably is inevitable but maybe there needs to be a little moratorium with the timing until the economy gets a little stronger," said business owner Steve Fallon.

Commissioner Stan Mills is a former city assessor. He said the city is overdue for reassessment.

"I call a citywide reassessment the great equalizer," Mills said.

The project is expected to take about nine months to complete and likely will not impact tax bills until 2014, Cooper said.

Commissioners need to approve a reassessment. A vote could take place by December.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Two Ships Collide in VA Shipping Channel

    Two Ships Collide in VA Shipping Channel

    Wednesday, April 16 2014 1:20 AM EDT2014-04-16 05:20:21 GMT
    The Coast Guard says two ships have collided in a main shipping channel off the Virginia coast while a 751-foot cargo ship ran aground in high winds gusting up to 70 mph.More
    The Coast Guard says two ships have collided in a main shipping channel off the Virginia coast while a 751-foot cargo ship ran aground in high winds gusting up to 70 mph.More
  • More Store Closures Coming To Delaware

    More Store Closures Coming To Delaware

    Tuesday, April 15 2014 11:33 PM EDT2014-04-16 03:33:00 GMT
    SEAFORD, De.- Another major store is closing in Delaware. This time it’s the Sears in Seaford. This comes shortly after news broke that the Kmart store in Dover was closing. Both stores will be closing its doors this summer. It’s all part of changes coming to the Sears Holding Corporation. Customers were not too happy about their local store closing. "I hate it. I don't like it at all,” said Ruth Sneller of Seaford. “Just means we have to go somewhere else to buy especially appliances an...More
    SEAFORD, De.- Another major store is closing in Delaware. This time it’s the Sears in Seaford. This comes shortly after news broke that the Kmart store in Dover was closing. Both stores will be closing its doors this summer. It’s all part of changes coming to the Sears Holding Corporation. Customers were not too happy about their local store closing. "I hate it. I don't like it at all,” said Ruth Sneller of Seaford. “Just means we have to go somewhere else to buy especially appliances an...More
  • Man Found Passed Out in Fast-food Drive-thru

    Man Found Passed Out in Fast-food Drive-thru

    Wilmington Police have arrested a man passed out behind the wheel in the drive-thru of a fast food restaurant after allegedly finding a loaded gun in the car.More
    Wilmington Police have arrested a man passed out behind the wheel in the drive-thru of a fast food restaurant after allegedly finding a loaded gun in the car.More
Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service