New Castle, New Castle County, Delaware Property Taxes

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

Median NEW CASTLE, DE effective property tax rate: 0.71%, significantly lower than the national median of 1.02%.
Median NEW CASTLE, DE home value: $197,190
Median annual NEW CASTLE, DE tax bill: $1,414, $986 lower than the national median property tax bill of $2,400.

How are property taxes in NEW CASTLE calculated?

Property taxes in 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 NEW CASTLE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in NEW CASTLE, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

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

0.71%

Estimate Property Tax Bill

$1,400

$1,299

Ownwell’s NEW CASTLE Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in NEW CASTLE with just two data points.

By entering your property's estimated assessed value, our calculator applies 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 10003.

For those interested in more localized information, please scroll down to explore city-level trends!

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

Local government entities determine tax rates, leading to significant variations within a state. Each year, counties estimate their necessary budget to provide services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In New Castle, DE, property tax rates reflect these local determinations. When comparing New Castle’s effective property tax rate to other cities in Delaware and across the U.S., it’s important to note that Delaware’s property tax rates can differ significantly from the national median. Nationally, the median property tax rate is 1.02%, while New Castle offers a more favorable rate, enhancing its appeal to property owners. With New Castle’s property tax rate being lower than the national average, it provides a cost-effective option for those seeking to manage their property tax expenses efficiently. This comparison underscores the importance of understanding local tax rates and how they can impact property ownership costs.

Property Tax Rates Across 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 New Castle Tax Rate

0.71%

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 New Castle, New Castle County, Delaware

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
19720	0.32%	0.57%	0.71%	0.84%	1.06%

Source: Ownwell

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

When examining property taxes in 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 appraisal district 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 the season. 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 New Castle. For example, the median home price in New Castle is $197,190, with tax bills ranging significantly across the county. Zip code 19720 has the highest median home price at $197,190.

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

Source: Ownwell

$71,775

$387,113

$702,450

Median New Castle Market Value

$197,190

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 New Castle, New Castle County, Delaware

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
19720	$101,655	$157,050	$197,190	$259,650	$323,640

Source: Ownwell

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

In New Castle, DE, property tax bills are calculated based on the assessed value of a home, which is determined by the local taxing authority. The median home price in the area is $197,190, influencing the overall tax bill. Homeowners in New Castle typically face a tax bill ranging from $1,018 at the 25th percentile to $2,491 at the 90th percentile. Compared to the national median property tax bill of $2,400, New Castle's tax bills can be relatively moderate. However, variations in tax bills can significantly impact household budgets. The highest median tax bill in the area is $1,414, found in the 19720 zip code, which is also the lowest. Factors such as property size, location, and local tax rates contribute to the final tax amount. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they are not overpaying. By leveraging expert knowledge and resources, homeowners can potentially reduce their tax burden and save money annually.

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

Source: Ownwell

$702

$6,369

$12,036

Median New Castle Tax Bill

$1,414

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 New Castle, New Castle County, Delaware

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
19720	$540	$1,018	$1,414	$1,896	$2,491

Source: Ownwell