New Castle County, DE Property Tax Search
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In-depth New Castle County, DE Property Tax Information
Assess all the factors that determine a property's taxes with a detailed report like the sample below. Create a free account and review your selected property's tax rates, value assessments and more.
See detailed property tax information from the sample report for 6 Jannsen Ct, New Castle County, DE
Property Tax Calculation
In the State of Delaware, only real property is subject to taxation. Property tax is levied and collected by the local governments and used to fund local entities, such as counties, municipalities and school districts.
The New Castle County Assessor establishes the appraised value or market value for all taxable real property within the county. Market value is defined as the price that a piece of property will bring in a fair voluntary sale between a willing seller and a willing buyer, with neither being under any duress to either buy or sell.
Land value | $17,300 | ||||||
Building value | + | $76,300 | |||||
Market value | = | $93,600 |
Assessed Value
Assessment is the foundation upon which taxing authorities determine the amounts of property taxes to be paid on a property. A property's assessment value is its market value multiplied by an assesment ratio. A "uniform" assessment rate is used, meaning that all properties, whether residential, commercial or industrial, are assessed at the same ratio. Currently in New Castle County, all assessment rates are set at 100% of the base year value. Assessment value reflects the market value of your property in 1983, the last time property values were assessed countywide. The current value of a property may be higher or lower.
Assessed value | = | $93,600 |
Exemptions and Taxable Value
New Castle County provides taxpayers several types of exemptions which may lower the property's tax bill.These are deducted from the assessed value to give the property's taxable value.
Assessed value | $93,600 | ||||||
Exemption value | - | $32,000 | |||||
Taxable value | = | $61,600 |
Property Tax
Base tax is calculated by multiplying the property's assessed value by all the tax rates applicable to it and is an estimate of what an owner not benefiting from any exemptions would pay, In most cases, tax rates are the same for all types of property including residential, industrial and commercial, except agricultural land, which may be treated differently in some jurisdictions.
Tax description | Assessed value | Tax rate | Tax amount | ||
---|---|---|---|---|---|
Base tax | $93,600 | x | 3.3348 | = | $3,121 |
Current tax represents of the amount the owner pays including exemptions.
Tax description | Taxable value | Tax rate | Tax amount | ||
---|---|---|---|---|---|
New Castle County | $61,600 | x | 0.8054 | = | $496.13 |
Crossing Guard | $61,600 | x | 0.0234 | = | $14.45 |
School | $61,600 | x | 2.2960 | = | $1,414.34 |
NNC Vocational | $61,600 | x | 0.2100 | = | $129.36 |
Current tax | = | $2,054 |
Actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs. For more information please visit New Castle County's Assessment Department, Office of Finance and Treasury or look up this property's current tax situation.
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New Castle County Stats for Property Taxes
For an easier overview of the difference in tax rates between counties, explore the charts below. You can also get additional insights on median home values, income levels and homeownership rates in your area.
Effective tax rate (%)
0.76% of Assessed Home Value
0.55% of Assessed Home Value
1.02% of Assessed Home Value
Median real estate taxes paid
$2,369
$1,674
$2,869
Median home value
$312,000
$305,200
$281,900
Median income
$85,309
$79,325
$75,149
Owner occupied housing (%)
68.2%
72%
64.8%
Renter occupied housing (%)
31.8%
28%
35.2%
Frequently Asked Questions on Property Taxes
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