City of New Castle, DE
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2023-12-12
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Municipal Code
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Part II General Legislation
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Chapter 221 Taxation
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Article V Downtown Development District Tax Abatement
- The Charter
- Ch C Charter of the City of New Castle
- Municipal Services Commission
- Ch MSC Municipal Services Commission
- Municipal Code
- Administrative Legislation
- Ch 1 General Provisions
- Ch 5 Administrator
- Ch 12 Civil Defense
- Ch 16 Claims
- Ch 23 Defense and Indemnification
- Ch 28 Emergency Management
- Ch 39 Liens
- Ch 46 Parks and Libraries
- Ch 50 Pensions
- Ch 58 Planning Commission
- Ch 64 Real Estate, Disposition of
- Ch 69 Salaries and Compensation
- Ch 74 Tree Advisory Commission
- Ch 78 Voting
- Ch 81 Water and Light Commission
- General Legislation
- Ch 90 Alcoholic Beverages
- Ch 94 Animals
- Ch 102 Building Construction
- Ch 103 Building Standards for One- and Two-Family Dwellings
- Ch 108 Curfew
- Ch 112 Delaware Street Wharf
- Ch 122 Firearms
- Ch 126 Fire Prevention
- Ch 130 Floodplain Management
- Ch 131 Dike Management and Preservation
- Ch 140 Housing and Property Maintenance
- Ch 141 Dangerous or Vacant Buildings
- Ch 156 Licenses
- Ch 162 Mechanical Standards
- Ch 163 Fuel Gas Standards
- Ch 164 Existing Building Code
- Ch 165 Swimming Pool and Spa Code
- Ch 166 Noise
- Ch 171 Parades and Public Assemblies
- Ch 172 Parking
- Ch 177 Peddling and Soliciting
- Ch 181 Plumbing
- Ch 185 Property Maintenance
- Ch 189 Graffiti
- Ch 193 Sanitary Code
- Ch 197 Skateboards
- Ch 199 Sluice Gates
- Ch 204 Solid Waste
- Ch 208 Storm Sewer System
- Ch 209 Streets and Sidewalks
- Ch 210 Street Trees
- Ch 213 Subdivision of Land
- Ch 215 Lines and Grades
- Ch 217 Surveys and Inspections
- Ch 221 Taxation
- Ch 221 Art V Downtown Development District Tax Abatement
- § 221-16 Requirements for abatement.
- Ch 225 Vehicles and Traffic
- Ch 226 Vehicles, Abandoned
- Ch 230 Zoning
- Appendix
- Ch A236 Affirmative Action
- Ch A237 Cable Television
- Ch A238 Drug-Free Workplace
- Ch A239 Fees
- Ch A240 Personnel Manual
- Ch A241 Purchasing Procedures
- Ch A242 Records, Public Access to
- Ch A243 Conduct, Code of
- Disposition List
- Ch DL Disposition List
A.
The City shall abate any increase in property taxes resulting from
an increase in the assessed value due to improvements made to a property
provided that:
(1)
The improvements are greater than $25,000.
(2)
The $25,000 shall be based on "eligible expenses" as defined in the
Delaware State Housing Authority Guidelines.
(3)
The improvements meet the definition of a "qualified real property
investment" as defined in 22 Del. C. §§ 1901 et seq.
(4)
The property is within the DDD boundary as depicted in the DDD Plan
adopted by Resolution 2018-26 on October 9, 2018, and as may be amended
from time to time.
(5)
The owner/applicant must not be delinquent on any obligations to
the City.
(6)
The improvements are completed in accordance with all City requirements.
B.
The abatement shall be for a five-year period beginning the first
tax year following completion of the improvements as certified by
the City.
C.
The abatement program described herein shall remain valid for only
as long as the City's DDD program remains certified by the State
of Delaware.
