19806 Property Tax Rate

Property owners in ZIP code 19806 (Wilmington, Delaware) pay a median of $3,446/year in property taxes on homes valued at $370,500. This translates to an effective tax rate of 0.93%, which is 81% above the Delaware state average of 0.51%.

The monthly property tax burden for a median-valued home in 19806 is approximately $287, which factors into escrow payments on mortgages. This ZIP code is located within New Castle County. This is $1,640 more than the Delaware average of $1,806/year.

Compared to similar ZIP codes in Delaware, 19806 has higher property taxes. ZIP codes with similar effective rates include 19802 (0.86%) and 19711 (0.85%).

In Wilmington, property taxes represent approximately 4.0% of the median household income of $86,240, 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.