Wilmington Council approves tax rate reductions amid assessment inaccuracies

The Wilmington Finance & Economic Development Committee meeting on May 19, 2025, spotlighted a significant reduction in water rates, aimed at easing financial burdens for residents amid rising costs. Council members expressed gratitude for the collaborative efforts that led to a proposed decrease from 6.5% to 5.5%, which is expected to save Wilmington residents nearly half a million dollars.

Council member Haggart emphasized the importance of listening to community feedback, acknowledging the tough economic climate, particularly concerning utility costs. The committee moved to advance the ordinance for a vote on the council floor scheduled for May 25, 2025, marking a proactive step towards financial relief for constituents.

In addition to the water rate discussion, the committee addressed concerns regarding property tax assessments. Council member Willyer proposed a resolution urging the Board of Assessment to rectify inaccuracies in the new assessment values before they are used for taxation. He highlighted discrepancies noted by Tyler Technologies, the firm responsible for the assessments, which indicated significant variability between assessed values and actual sale prices.

Council members voiced their frustrations over the assessment process, with many agreeing that the current evaluations could unfairly impact long-term residents, particularly seniors. They discussed the need for a fair appeals process, with some suggesting the city explore options to assist residents in navigating the appeals, which often require costly appraisals.

The committee's discussions underscored a commitment to transparency and fairness in taxation, with council members pledging to continue working with Newcastle County and Tyler Technologies to ensure a more equitable assessment process moving forward. The meeting concluded with a collective acknowledgment of the challenges ahead, but also a determination to advocate for the best interests of Wilmington residents.