Del. C. » Title 9 — County Taxes · CHAPTER 83. Valuation and Assessment of Property · Counties
Delaware Code

9 Del. C. § 8306 (2026)

Standard of assessment; frequency of reassessment

✓ current as of May 2026
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(a) All property subject to assessment shall be assessed at its fair market value as of the date of the most recent reassessment base year in the county.

(b) (1) All real property must be reassessed by the county in which the real property is located at least once every 5 years.

(2) Each 5-year period under paragraph (b)(1) of this section starts on the date a county board of assessment adopts a certification under § 8314 of this title reflecting the completion of a general reassessment of all real property within that county.

Code 1852, §  170;  Code 1915, §§  1133-1133B;  28 Del. Laws, c. 79, §  23;  29 Del. Laws, c. 72, §  25;  30 Del. Laws, c. 77, §  23;  31 Del. Laws, c. 14, §  8;  32 Del. Laws, c. 69, §  3;  Code 1935, §§  1280, 1294, 1333;  9 Del. C. 1953, §  8307;  84 Del. Laws, c. 162, § 1;  84 Del. Laws, c. 412, § 9; 
Notes of Decisions
Cited in 10 cases (7 in the last 5 years), 2018–2026 · leading case: Newark Prop. Ass'n v. State of Delaware (Del. Ch. 2025).
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Newark Prop. Ass'n v. State of Delaware (Del. Ch. 2025). · cites it 4× “Count III is resolved in the defendants’ favor. 2. Ultra Vires for Failure to Capture Fair Market Value (Count IV) The plaintiffs next contend that HB242 as implemented violates Delaware’s “True Value Statute,” 9 Del.”
One Pie Investments, LLC v. Kina Lane Whitfield (Del. Super. Ct. 2026). · cites it 4× “49 Under 9 Del. C. § 8306, property subject to county tax are to “be assessed at its fair market value as of the date of the most recent reassessment.”
Delawareans for Educ. Opportunity v. John Carney, Governor of the State of Delaware (Del. Ch. 2018). · cites it 2× “3 9 Del. C. § 8306(a). 2 concept of a property’s “true value in money” is “the same as its fair market value.”
In re Delaware Pub. Schs. Litig. (Del. 2024). · cites it 2× “Count III alleged that the County Defendants violated Delaware’s True Value Statute, 9 Del. C. § 8306(a), which requires that all property subject to an assessment shall be assessed at its true value in money — i.”
Delawareans for Educ. Opportunity v. John Carney, Governor of the State of Delaware (Del. Ch. 2018). “In 2017, he characterized powerfully and accurately the situation described in the complaint, observing that while Delaware’s public schools have many dedicated teachers 116 9 Del. C. § 8306(a). 117 See Delawareans for Educ.”
In re Delaware Pub. Schs. Litig. (Del. Ch. 2020). “The City of Wilmington contends that New Castle County is violating the Assessment Roll Statutes by failing to comply with the True Value Statute.”
In re Delaware Pub. Schs. Litig. (Del. Ch. 2022). “” 9 Del. C. § 8306(a) (the “True Value Statute”).”
In re Delaware Pub. Schs. Litig. (Del. Ch. 2024). “One set of requests asked the Counties to admit that because they used decades-old assessments, there was a lack of countywide uniformity in the ratio of market values 3 9 Del. C. § 8306(a) (1953). On August 9, 2023, the Delaware General Assembly amended that section.”
In Re: CCDE Senior Living LLC v. Bd. of Assessment Review Appeals (Del. Super. Ct. 2025). “Are the Board Rules unenforceable against the Taxpayers? The Taxpayers argue that Board rules requiring them to use a 1983 valuation violates 9 Del. C. § 8306(a), known as the “True Value Statute,” which provides that “[a]ll property subject to assessment shall be assessed at…”
Newark Prop. Ass'n v. State of Delaware (Del. 2025). “5 9 Del. C. § 8306. 4 tax” (the “Uniformity Clause”).”
9 Del. C. § 8306(a): 9 cases
Delawareans for Educ. Opportunity v. John Carney, Governor of the State of Delaware (Del. Ch. 2018). “3 9 Del. C. § 8306(a). 2 concept of a property’s “true value in money” is “the same as its fair market value.”
In re Delaware Pub. Schs. Litig. (Del. 2024). “Count III alleged that the County Defendants violated Delaware’s True Value Statute, 9 Del. C. § 8306(a), which requires that all property subject to an assessment shall be assessed at its true value in money — i.”
Newark Prop. Ass'n v. State of Delaware (Del. Ch. 2025). “Count III is resolved in the defendants’ favor. 2. Ultra Vires for Failure to Capture Fair Market Value (Count IV) The plaintiffs next contend that HB242 as implemented violates Delaware’s “True Value Statute,” 9 Del.”
One Pie Investments, LLC v. Kina Lane Whitfield (Del. Super. Ct. 2026). “49 Under 9 Del. C. § 8306, property subject to county tax are to “be assessed at its fair market value as of the date of the most recent reassessment.”
Delawareans for Educ. Opportunity v. John Carney, Governor of the State of Delaware (Del. Ch. 2018). “In 2017, he characterized powerfully and accurately the situation described in the complaint, observing that while Delaware’s public schools have many dedicated teachers 116 9 Del. C. § 8306(a). 117 See Delawareans for Educ.”
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