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2024 Sussex County Property Reassessment: Navigating Changes Together

Sunday, February 4, 2024   /   by Andy Staton

2024 Sussex County Property Reassessment: Navigating Changes Together


Hey Sussex County! Big news is on the horizon – our first property reassessment since 1974 is underway. This is a pivotal moment for homeowners, and I'm here to help you understand what this means for your property and community.


Understanding the Reassessment:

This statewide initiative, aims to bring property values up to date with current market conditions. It's a massive undertaking, considering the last assessment dates back over four decades!

The Process and Its Impact:

Expect to receive a 'tentative value' notice for your property soon. These values are crucial because they set the stage for your future property taxes. Remember, the goal is 'revenue neutrality' – the reassessment isn't about increasing total tax revenue but ensuring each property contributes its fair share.

Why It's Happening:

The reassessment was spurred by a need for fairness in property taxation and school funding. It's part of a larger effort to address long-standing inequities in our state's public school financing.

Preparing for Changes:

    • Stay Informed: Watch for your property's tentative value notice.
    • Understand Your Rights: If you disagree with the assessment, know that you can appeal. It's important to ensure your property is valued fairly.
    • Seek Expert Advice: If you're uncertain about the implications for your property, reach out. I'm here to provide resources and support


Conclusion:

As we navigate this significant change together, remember that this reassessment is about building a fairer, more equitable Sussex County. For any concerns, questions, or real estate needs, don't hesitate to contact me. Let's make this journey a positive one for our community.
Andy Staton Home Services Group | Ocean Atlantic Sotheby's International Realty
Andy Staton
18949 Coastal Highway, Suite 304
Rehoboth Beach, DE 19958
302-703-9090
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Ocean Atlantic Sotheby's International Realty
Office: 302-227-6767

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