Newark, New Castle County, Delaware Property Taxes

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

Median Newark, DE effective property tax rate: 0.98%, slightly lower than the national median of 1.02%.
Median Newark, DE home value: $252,360
Median annual Newark, DE tax bill: $2,439, $39 higher than the national median property tax bill of $2,400.

How are property taxes in New Castle calculated?

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

Last Updated March 1, 2025

Newark, New Castle County, Delaware Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.98%

Estimate Property Tax Bill

$2,473

$2,295

Ownwell’s Newark Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Newark with just two data points. By entering your property's estimated assessed value, our calculator applies Newark’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Newark, New Castle County, Delaware

Local government entities determine tax rates, which can vary widely within a state. Each county estimates its required budget to provide essential services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This annual process involves votes and laws to set tax rates and budgets. In Newark, located in New Castle County, the effective property tax rate provides a point of comparison to other cities in Delaware and the U.S. The median property tax rate in Delaware is slightly below the national median, offering a relatively favorable tax environment. However, tax rates can differ even within the same county. For instance, the highest median tax rate in Delaware is found in a nearby zip code, while another zip code boasts the lowest rate in the state. Understanding these variations can help property owners make informed decisions about where to live or invest. Comparing Newark's property tax rate to state and national medians highlights the importance of local government decisions in shaping the financial landscape for residents.

Property Tax Rates Across Newark, 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 Newark Tax Rate

0.98%

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 Newark, New Castle County, Delaware

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
19702	0.67%	0.89%	1.04%	1.18%	1.39%
19711	0.65%	0.81%	0.95%	1.12%	1.36%
19713	0.52%	0.79%	0.93%	1.09%	1.28%
19716	N/A	N/A	N/A	N/A	N/A
19717	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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

When examining property taxes in Newark, 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.

Assessment notices: In New Castle County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Newark. For example, the median home price in Newark is $252,360, with tax bills ranging significantly across the county. Zip code 19711 has the highest median home price at $306,315.

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

Source: Ownwell

$71,775

$387,113

$702,450

Median Newark Market Value

$252,360

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 Newark, New Castle County, Delaware

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
19702	$104,118	$174,195	$236,340	$323,370	$415,656
19711	$133,740	$236,318	$306,315	$425,565	$508,293
19713	$142,722	$188,550	$224,550	$258,480	$320,454
19716	N/A	N/A	N/A	N/A	N/A
19717	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Newark, New Castle County, Delaware

In Newark, New Castle County, DE, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median property tax bill in Newark is notably higher than the national median, reflecting the area's property values and tax rate. Factors such as the property's assessed value, local tax levies, and exemptions influence the final tax bill. Homeowners in Newark can face tax bills ranging from $1,889 at the 25th percentile to $4,705 at the 90th percentile, highlighting the variance based on property value and location. With the highest median tax bill reaching $2,857 in zip code 19711, homeowners may find property taxes to be a significant expense. Ownwell offers valuable assistance by providing property tax appeal services, potentially reducing the assessed value and, consequently, the tax bill. By leveraging expert knowledge and local data, Ownwell helps homeowners navigate the complexities of property tax assessments, ensuring they pay only what is fair and saving them money in the process.

Property Tax Bills Across Newark, New Castle County, Delaware

Source: Ownwell

$702

$6,369

$12,036

Median Newark Tax Bill

$2,439

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 Newark, New Castle County, Delaware

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
19702	$1,161	$1,922	$2,482	$3,334	$4,112
19711	$1,559	$2,123	$2,857	$4,354	$5,396
19713	$1,061	$1,690	$2,027	$2,452	$3,274
19716	N/A	N/A	N/A	N/A	N/A
19717	N/A	N/A	N/A	N/A	N/A

Source: Ownwell