Delaware variant. This is a Delaware-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Delaware's effective property tax rate of 0.57% means the owner of a median $360,000 home pays roughly $2,052 per year - a figure that varies widely by state.
How Delaware property tax is calculated
Property tax = assessed value × local millage rate. The 0.57% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $360,000 Delaware median home, that works out to about $2,052/year or $171/month - often escrowed into your mortgage payment.
About taxes and housing in Delaware
Delaware has a graduated income tax that tops out at 6.6%.
Delaware has no state sales tax and very low property taxes, making it attractive for both shoppers and homeowners.
Delaware's business-friendly laws make it the legal home of a majority of large U.S. corporations, and chemicals and finance are key industries.
Worked example: tax on a $360,000 home
$360,000 × 0.57% = $2,052 per year. A $500,000 home in Delaware would owe about $2,850 annually at the same effective rate.
Quick reference
- State income tax: 2.2-6.6% across 6 brackets
- State sales tax: 0% (plus 0.00% avg local)
- Median home value: $360,000
- Median household income: $79,325
- Effective property tax rate: 0.57%
- Avg auto insurance: $1,858/yr
Frequently Asked Questions
What is the property tax rate in Delaware?
Delaware's effective property tax rate averages 0.57% of market value per year.
How much property tax on a $360,000 home in Delaware?
About $2,052 per year at the 0.57% effective rate.