19945 Property Tax Rate

Property owners in ZIP code 19945 (Frankford, Delaware) pay a median of $1,050/year in property taxes on homes valued at $410,000. This translates to an effective tax rate of 0.26%, which is 50% below the Delaware state average of 0.51%.

The monthly property tax burden for a median-valued home in 19945 is approximately $88, which factors into escrow payments on mortgages. This ZIP code is located within Sussex County. This is $756 less than the Delaware average of $1,806/year.

Compared to similar ZIP codes in Delaware, 19945 has higher property taxes. ZIP codes with similar effective rates include 19971 (0.25%) and 19951 (0.27%).

In Frankford, property taxes represent approximately 1.2% of the median household income of $86,021, 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 increases; Sussex County reassesses at sale, so your annual tax is based on your purchase price. File for the $12,000 homestead exemption (primary residences) with the Sussex County Assessor's office within 30 days of closing and inquire whether you qualify for Delaware's property tax credit if your income is below the 3.2% threshold. Sussex County has the state's lowest effective tax rate at 0.23%; request your assessment card to confirm the property's value was properly assessed at purchase.