19801 Property Tax Rate

Property owners in ZIP code 19801 (Wilmington, Delaware) pay a median of $1,533/year in property taxes on homes valued at $196,000. This translates to an effective tax rate of 0.78%, which is 52% above the Delaware state average of 0.51%.

The monthly property tax burden for a median-valued home in 19801 is approximately $128, which factors into escrow payments on mortgages. This ZIP code is located within New Castle County. This is $273 less than the Delaware average of $1,806/year.

Compared to similar ZIP codes in Delaware, 19801 has lower property taxes. ZIP codes with similar effective rates include 19805 (0.78%) and 19707 (0.79%).

In Wilmington, property taxes represent approximately 3.4% of the median household income of $44,505, providing context for the relative tax burden on homeowners in this area.

Delaware assesses property at 100% of market value with no statewide cap on annual increases; New Castle County reassesses at sale, so your property tax will be based on your purchase price. Contact the New Castle County Assessor's office to confirm you receive the $12,000 homestead exemption (for primary residences) and the Delaware tax credit for property taxes exceeding 3.2% of household income if eligible. File any exemption application within 30 days of closing and request the property's assessment card to verify the assessed value reflects your purchase price accurately.