Referendum 2024 – Calculator
Vote in Colonial’s referendum
February 29, 2024
Be a champion for the 2024 CSD Referendum!
Click the link to the right to let us know how we can help you be a supporter for the upcoming CSD Referenda.
Operating Referendum Calculator
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PLEASE REMEMBER! Your home value is NOT your assessed property value.On average, homes in Colonial are assessed at 1/4th their total value.
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To find your assessed value, click here to go to New Castle County’s Parcel Search.-Enter your house number and street name.-When you see your property, click Details and then scroll down to Tax/Assessment Info. That is the assessed value of your home.
About the Capital Referendum
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Major Capital Improvement Projects are funded through bonds and repaid over 20 years. The repayment amount is called the debt service.
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The debt service tax rate for our major capital projects will vary year to year based on the repayment schedule and interest rate.
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It will also be impacted as our existing debt service is declining and we continue pay off old projects.
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The maximum addition to the tax rate from today’s rate is 9.9 cents in 2027.
Support for Seniors: YES, the State of Delaware does offer tax relief for seniors.
Individuals 65 and older, who meet a residency requirement (3 years if you established residency before 12/31/2017; 10 years if you established residency after that date), are eligible for a school tax credit of up to $400 on their principle residence. A School Tax Credit Application can be found at: https://www.nccde.org/182/Tax-Exemptions. Seniors may also apply for additional reductions in sewer and county property tax based on income. For more information about these programs, call the County at 302-395-5520.