19802 Property Tax Rate

Property owners in ZIP code 19802 (Wilmington, Delaware) pay a median of $1,625/year in property taxes on homes valued at $188,400. This translates to an effective tax rate of 0.86%, which is 68% above the Delaware state average of 0.51%.

The monthly property tax burden for a median-valued home in 19802 is approximately $135, which factors into escrow payments on mortgages. This ZIP code is located within New Castle County.

Compared to similar ZIP codes in Delaware, 19802 has higher property taxes. ZIP codes with similar effective rates include 19711 (0.85%) and 19807 (0.82%).

In Wilmington, property taxes represent approximately 3.0% of the median household income of $54,370, 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.