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Old 11-09-2008, 09:29 AM
 
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Default Taxes

Would anyone be able to give me information about property taxes and other taxes in DE. My wife and I are lookin gin the Kent County and/or closer to Wilmington near 95. Any info would be appreciated. Thank you
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Old 11-09-2008, 09:53 AM
 
Location: rural North Carolina
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There is no personal property tax as there is in other states.
Yearly property tax on a home varies depending on location, age of home, and magic (if you ask me - I'm still trying to figure out why I pay double what my neighbor does and her house is bigger).
State income taxes are comparable to neighboring states until you get into the higher tax brackets above $60k. Wilmington has a city wage tax of 1.5% - but that only applies if you live or work in Wilmington proper. There is no sales tax.
While no libertarian dream, Delaware does have a fairly decent tax structure especially compared to New Jersey and Philadelphia PA.

Last edited by jskirwin; 11-09-2008 at 09:57 AM.. Reason: Get to use the word "libertarian" in a sentence.
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Old 11-09-2008, 10:10 AM
 
237 posts, read 535,710 times
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Quote:
Originally Posted by jskirwin View Post
There is no personal property tax as there is in other states.
Yearly property tax on a home varies depending on location, age of home, and magic (if you ask me - I'm still trying to figure out why I pay double what my neighbor does and her house is bigger).
State income taxes are comparable to neighboring states until you get into the higher tax brackets above $60k. Wilmington has a city wage tax of 1.5% - but that only applies if you live or work in Wilmington proper. There is no sales tax.
While no libertarian dream, Delaware does have a fairly decent tax structure especially compared to New Jersey and Philadelphia PA.
ok that you for the information.
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Old 11-09-2008, 10:46 AM
 
Location: Kirkwood, DE and beautiful SXM!
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Another savings is your car insurance. Ours was reduced by two-thirds when we moved here, and we have maintained full coverage because of the low rates.

Our homeowners has increased by about $500 since we moved here almost 10 years ago. I have friends in the area who have a smaller home and pay more. Don't know why that is, but check your rates carefully.
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Old 11-09-2008, 01:42 PM
 
Location: Greenville, Delaware
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Property taxes here are dirt cheap compared to almost anywhere else. They are highest in New Castle County (Wilmington/Upper Delaware); lower in Kent County and lowest of all in Sussex, especially on older properties in Sussex (they don't seem to do tax re-appraisals with any regularity, leading to the discrepancies between larger but older properties on the one hand and smaller, newer properties on the other). But even in New Castle Co. taxes are quite low.
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Old 11-09-2008, 07:16 PM
 
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E-man:

Home owners in Kent Co. pay lower property taxes as compared to those in New Castle Co. but depending on your place of employment commute expense (+ higher car insurance for commute) differential will be MUCH LARGER than property tax differential!!
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