 Court-ordered reassessments on properties in Kent County are complete and have prompted the county to lower its property tax rate. The rate will drop more than $0.30 on July 1st to $5.72 per $100 assessed value. This was done to keep the changes from reassessment revenue neutral for the county. Homes are now assessed on fair market value as of July 1st, 2023. Previously, they were assessed at 60% of their 1987 value, but Kent County Administrator Ken Decker notes even with the first assessment since 1987, it doesn't mean every property is worth more.