Sussex County is doing the unthinkable and giving back property tax money. Officials say they don’t need all they collected.
There is a catch. You won’t see it until next summer and it will be listed as a credit on your 2012 tax bill which will come next June.
The County Council believes it will have $1.3 million surplus from this fiscal year. The council voted to allocate $136,000 in various projects. They are also required to put another 10% of that surplus into a land preservation fund. The remainder will be used as the tax credit.
Council leaders didn’t give an estimate on how big a credit residents might see, but Councilman Vance Phllips, who proposed the rebate, said “taxpayers know how to spend their money better than governments do.”