The exact property tax levied depends on the county in Delaware the property is located in. The median home value in Sussex County is about $242,900, so that makes the median effective property tax rate in Sussex County 0.34%. That means that, on average, a home in the state of Delaware with a market value of $200,000 would have taxes of about $1,120 annually. Alternatively, you can find your county on the Delaware property tax map found at the top of this page. Municipalities also have their own assessments, although some simply use the county assessment. We offer a web site to provide property tax data and payment information, as well as other general information. However, assessed value is just a fraction of current market value, so the effective tax rate in the city is much lower. Our study aims to find the places in the United States where people are getting the most value for their property tax dollars. Even so, it means that property taxes on a $200,000 home would be just $1,460 annually. Delaware is ranked 43rd of the 50 states for property taxes as a percentage of median income. As you can imagine, home prices in the reassessment years for each county were significantly lower than they are now. For example, the Kent County reassessment year is 1987. ​If you could change one thing about ​this page what would it be?​, Bank of America® Travel Rewards Visa® Credit Card Review, Capital One® Quicksilver® Cash Rewards Credit Card Review, Sources: US Census Bureau 2018 American Community Survey. Unlike most other states, local governments in Delaware do not reassess property values on a regular basis. Check out our mortgage calculator. Jennifer lives in Arizona and was recently named to the Greater Tucson Leadership Program. The high rate is $5.6995 per $100 of assessed value in the Milford School District. How helpful was this page in answering your question? The average effective property tax rate in Kent County is about 0.51%. Keep in mind that assessments are done on a property-by-property basis, and our calculators cannot take into account any specific features of your property that could result in property taxes that deviate from the average in your area. We can check your property's current assessment against similar properties in Delaware and tell you if you've been overassessed. Thank you for your answer! While the exact property tax rate you will pay will vary by county and is set by the local property tax assessor, you can use the free Delaware Property Tax Estimator Tool to calculate your approximate yearly property tax based on median property tax rates across Delaware. Hint: Press Ctrl+F to search for your county's name. That means a homeowner with a home worth $150,000 can expect to pay $765 annually in property taxes. The Billing Division staff is responsible for the billing of taxes and other levies within the county. We are working hard to improve our product and could use your help! Overview of Delaware Taxes Delaware boasts the sixth lowest property tax rate of any state in the U.S. We created an average score for each district by looking at the scores for every school in that district, weighting it to account for the number of students in each school. Rates vary within Sussex County by school district. Assessed values are based on the market value as of that reassessment year. In Wilmington, the largest city in the state, the property tax rate is $1.995 per $100 of the assessed value of a property. There are typically multiple rates in a given area, because your state, county, local schools and emergency responders each receive funding partly through these taxes. New Castle County collects the highest property tax in Delaware, levying an average of $1,385.00 (0.55% of median home value) yearly in property taxes, while Sussex County has the lowest property tax in the state, collecting an average tax of $662.00 (0.27% of median home value) per year. Zoom between states and the national map to see the counties getting the biggest bang for their property tax buck. Tax-Rates.org provides free access to tax rates, calculators, and more. The table below shows the effective tax rates, median home values and median annual property tax payments for all three Delaware counties. For Fiscal Year 2014-15, Sussex County issued more than 171,000 tax bills totaling approximately $117 million, to be collected on behalf of the general government, local libraries and the eight school districts within the county. This is equal to the median property tax paid as a percentage of the median home value in your county. This is called the reassessment year. If you would like to get a more accurate property tax estimation, choose the county your property is located in from the list on the left. Delaware boasts the sixth lowest property tax rate of any state in the U.S. For Fiscal Year 2014-15, Sussex County issued more than 171,000 tax bills totaling approximately $117 million, to be collected on behalf of the general government, local libraries and the eight school districts within the county. We offer a web site to provide property tax data and payment information, as well as other general information. Delaware’s three counties are responsible for administering and collecting property taxes in the state. Rates vary between and within those counties. Jennifer has mostly worked in public accounting firms, including Ernst & Young and Deloitte. Counties in Delaware collect an average of 0.43% of a property's assesed fair market value as property tax per year. Finally, we calculated a property tax index, based on the criteria above. 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