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§ 5414 — Delaware Law | CourtGPT
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Delaware Legal Code

§ 5414

Delaware Title 9 — Delaware law

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Whenever the County, as lessor, leases its property within the TIF District, the property shall be assessed and taxed in the same manner as privately owned property, and the lease or contract shall provide that the lessee shall pay taxes or payments in lieu of taxes upon the assessed value of the entire property and not merely the assessed value of the leasehold interest.81 Del. Laws, c. 25, § 1;

Source: https://delcode.delaware.gov/title9/c054/index.html· Version 2026