Giving back: State reimburses county seats for presence of tax-free government buildings
DOVER — Sixty state buildings are located in Delaware’s capital city. That’s 60 buildings exempt from local property taxes, costing Dover hundreds of thousands in annual revenue.
State-owned buildings not paying property taxes is not unique to Dover — throughout Delaware, properties owned by the federal, state and county governments are exempt.
That’s not something exclusive to Delaware: Some municipalities have programs known as payment in lieu of taxes, allowing local governments to still collect some money from properties that do not pay taxes.
Delaware does have a law requiring the state to provide some compensation to the three county seats of Dover, Wilmington and Georgetown, but the municipalities don’t get equal payments.
Read more: http://delawarestatenews.net/news/giving-back-state-reimburses-county-seats-presence-tax-free-government-buildings/
