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Municipalities
Each municipality in Sussex County has its own property, school district, and capitation tax rate. For specific information on tax rates, contact your local town office.
Sussex County current property is $.44 per based on a 50% assessment ratio. There is also a $3 capitation tax. For more info contact the County Tax Department at 855-7720.
State of Delaware
- No Sales Tax
- No Property Tax
- No Personal Property Tax
Personal Income Taxes
State personal income taxes for residents are assessed on Delaware taxable income. Delaware taxable income equals Delaware adjusted gross income minus personal exemptions, and standard or itemized deductions. Delaware adjusted gross income is derived by adding to the Federal adjusted gross income and receipts from the securities of states or political subdivisions other than Delaware and its political subdivisions. Income from obligations of the United States, disability and/or elderly credits, and pensions up to $3000 (age 60 and over) is then deducted from the federal adjusted gross income. Nonresidents are taxed on the portion of income derived from sources within Delaware. The current State tax rate is schedule is graduated and includes six rate reductions.
Delaware Personal Income Tax Rates
Source: Delaware Division of Revenue, March 1995: (302) 739-5251
| Delaware Taxable | Tax Liability |
| 0 - 2,000 | 0.0% of income |
| 2,001 - 5,000 | 0 + 3.2% of income over 2,000 |
| 5,001 - 10,000 | 96 + 5.0% of income over 5,000 |
| 10,001 - 20,000 | 346 + 6.0% of income over 10,000 |
| 20,001 - 25,000 | 946 + 6.6% of income over 20,000 |
| 25,001 - 30,000 | 1,276 + 7.0% of income over 25,000 |
| 30,000 - 40,000 | 1,626 + 7.6% of income over 30,000 |
| Over 40,000 | 2,386 + 7.7% of income over 40,000 |
General Sales Tax: Delaware does not impose a general sales tax.
Public Accommodations Tax: 8% of the room charge.
Property Taxes
Delaware's property taxes are among the lowest of any state, ranking 43rd in the nation. The following table describes average effective tax rates for existing single family homes with FHA-insured mortgages as a percentage of market value. The data compiled below indicates that owners of a Delaware property with a market value of $100,000 would pay a rate of .68% or $680, however the rate for 1997is .445 cents per $100.
| State | 1987 | 1986 | 1985 | 1984 |
| DELAWARE | 0.68% | 0.73% | 0.65% | 0.71% |
| Pennsylvania | 1.40 | 1.37 | 1.41 | 1.53 |
| New York | 2.07 | 2.22 | 2.38 | 2.80 |
| Maryland | 1.22 | 1.30 | 1.30 | 1.26 |
| New Jersey | 2.38 | 2.33 | 2.47 | 2.62 |
| U.S. Average | 1.15 | 1.16 | 1.21 | 1.23 |
Retirement
The following table shows the total annual sales, property and income tax bill for a retired couple living in the state capitol of Delaware and the surrounding states. The couple is assumed to have $50,000 of annual income and live in a home worth the median market value of 2,000 square foot houses in their town. Rank Sales Tax Property Tax Income Tax TOTAL
Source: Kiplinger's Personal Finance Magazine, August 1995
| State | Rank | Sales Tax | Prop. Tax | Income Tax | Total |
| DELAWARE | 2 | $0 | $1,350 | $790 | $2,140 |
| Pennsylvania | 23 | $2,268 | $2,250 | $560 | $5,078 |
| New York | 43 | $3,025 | $3,806 | $446 | $7,279 |
| Maryland | 45 | $1,968 | $4,875 | $520 | $7,363 |
| New Jersey | 49 | $2.268 | $4,945 | $342 | $7,555 |
Housing
Housing prices vary depending on location. For specific information concerning purchase of rentals of townhouses, condominiums, and/or houses, contact local Realtors or consult local newspapers.
Delaware State Housing Authority,
Dover, DE. (302) 739-4263
Community Profile
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