Historic New Castle, New Castle County, Delaware Property Taxes

Name: Property Tax Bills Across Historic New Castle, New Castle County, Delaware
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Historic New Castle, DE effective property tax rate: 0.60%, significantly lower than the national median of 1.02%. Median Historic New Castle, DE home value: $194,580. Median annual Historic New Castle, DE tax bill: $1,136, $1,264 lower than the national median property tax bill of $2,400.

How are property taxes in New Castle calculated?

Property taxes in Historic New Castle, DE are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Historic New Castle’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Historic New Castle, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Historic New Castle, New Castle County, Delaware Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.6%

Estimate Property Tax Bill

$1,167

$1,083

Ownwell’s Historic New Castle Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Historic New Castle with just two data points. By entering your property's estimated assessed value, our calculator applies Historic New Castle’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in New Castle County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Historic New Castle, New Castle County, Delaware

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Historic New Castle’s effective property tax rate to other cities in Delaware and the median property tax rates in Delaware and the U.S. With a median property tax rate of 0.60%, Historic New Castle stands out in New Castle County. Compared to the national median rate of 1.02%, residents here enjoy a significantly lower tax burden. This makes Historic New Castle an attractive option for property owners looking for lower tax rates. With the highest and lowest median tax rates both at 0.60% in the 19720 zip code, property owners in this area benefit from a consistent and predictable tax environment.

Property Tax Rates Across Historic New Castle, New Castle County, Delaware

Source: Ownwell

0.44%

1.44%

2.43%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Historic New Castle Tax Rate

0.60%

Median Effective New Castle County Tax Rate

0.84%

Median Effective Delaware Tax Rate

1.41%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Historic New Castle, New Castle County, Delaware

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
19720	0.30%	0.45%	0.60%	1.21%	2.59%

Source: Ownwell

Property Tax Assessment Values Across Historic New Castle, New Castle County, Delaware

When examining property taxes in Historic New Castle, DE, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The New Castle County assessment office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In New Castle County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Historic New Castle. For example, the median home price in Historic New Castle is $194,580, with tax bills ranging significantly across the county. 19720 has the highest median home price at $194,580.

Property Tax Assessment Values Across Historic New Castle, New Castle County, Delaware

Source: Ownwell

$71,775

$387,113

$702,450

Median Historic New Castle Market Value

$194,580

Median New Castle County Market Value

$248,490

Median Delaware Market Value

$64,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Historic New Castle, New Castle County, Delaware

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
19720	$40,300	$85,500	$194,580	$250,920	$321,300

Source: Ownwell

Property Tax Bills Across Historic New Castle, New Castle County, Delaware

In Historic New Castle, located in New Castle County, DE, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in this area is $194,580, which plays a crucial role in determining a homeowner's tax obligation. Tax rates are applied to the assessed value to calculate the final tax bill. Homeowners in Historic New Castle typically face a property tax bill ranging from $862 at the 25th percentile to $2,026 at the 90th percentile. The median tax bill in this region is notably lower than the national median, providing some relief to homeowners. However, despite this, many homeowners may still find their tax bills burdensome. This is where Ownwell steps in, offering expert property tax appeal and exemption services. By leveraging local expertise and a deep understanding of property tax laws, Ownwell helps homeowners potentially reduce their tax bills, ensuring they pay only what is fair and justified.

Property Tax Bills Across Historic New Castle, New Castle County, Delaware

Source: Ownwell

$702

$6,369

$12,036

Median Historic New Castle Tax Bill

$1,136

Median New Castle County Tax Bill

$2,154

Median Delaware Tax Bill

$1,362

Median United States Tax Bill

$2,400

Property Tax Bills Across Historic New Castle, New Castle County, Delaware

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
19720	$526	$862	$1,136	$1,500	$2,026

Source: Ownwell