Property Taxes in Delaware
Delaware's effective property tax rate is 0.5%, ranking #11 out of 50 states (1 = lowest). The median annual property tax paid is $1,600.
Delaware property tax rates are moderate by northeastern standards, with rates varying between the state's three counties (New Castle, Kent, and Sussex). Properties are assessed at percentages of market value that haven't been updated in decades in some jurisdictions, creating situations where the assessed value bears little relation to current market value. There is no homestead exemption in the traditional sense, but Delaware offers a senior school property tax credit that can significantly reduce bills for homeowners 65 and older.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.5%
Median Annual Tax
$1,600
National Rank
#11 of 50
1 = lowest
Homestead Exemption
No
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $1,000 | $83 |
| $300,000 | $1,500 | $125 |
| $400,000 | $2,000 | $167 |
| $500,000 | $2,500 | $208 |
| $750,000 | $3,750 | $313 |
* Based on the average effective rate of 0.5%. Actual rates vary by county and municipality.
Homestead Exemption in Delaware
Delaware does not offer a general homestead exemption for property tax purposes. However, there may be other tax credits or exemptions available for seniors, veterans, or disabled homeowners.
How Delaware Compares
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