Delaware Code Title 9. Counties § 8111A. Proration of yearly taxes when property in New Castle County is transferred to an exempt entity

(a) When real property in New Castle County that is not exempt from taxation is transferred to an entity that is approved for a tax exemption under § 8106A of this title, tax is due and owing for the property for the tax year in which the transfer occurs, but only for the portion of the year when the property was owned by the nonexempt transferor.

(b) Proration under subsection (a) of this section is determined by dividing the total amount of property tax, for the tax year when the ownership of the property was transferred, by 365 and multiplying that total by the number of days in the tax year that the nonexempt transferor owned the property.