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New Castle County to begin revamping local property tax system Xerxes Wilson, Delaware News Journal Headlines February 1, 2021 Replay Video UP NEXT New Castle County has agreed to recalculate the property values it uses to set local tax bills, beginning a process that could lead to widespread changes to property taxes in the coming years. The commitment was made as part of a legal settlement approved by a Delaware Chancery Court judge last week. The settlement seeks to end the county s involvement for now in a lawsuit aimed at recalculating unconstitutional property tax valuations throughout the state. As of now, Kent and Sussex counties, which are also defendants in the lawsuit, have not submitted a similar agreement, meaning litigation involving the future recalculation of tax values in those counties will continue. ....