Newport, New Castle County, Delaware Property Taxes

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

Median Newport, DE effective property tax rate: 0.73%, significantly lower than the national median of 1.02%.
Median Newport, DE home value: $208,620
Median annual Newport, DE tax bill: $1,508, $892 lower than the national median property tax bill of $2,400.

How are property taxes in New Castle calculated?

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

Last Updated March 1, 2025

Newport, New Castle County, Delaware Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$1,523

$1,413

Ownwell’s Newport Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Newport with just two data points. By entering your property's estimated assessed value, our calculator applies Newport’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 Newport, New Castle County, Delaware

Local government entities are responsible for setting tax rates, which can vary significantly across a state. This variation occurs because each county annually estimates its required budget to provide public services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting these rates and budgets, this is essentially the yearly process.

In Newport, located in New Castle County, the effective property tax rate is a reflection of this process. When comparing Newport’s rate to other cities in Delaware and the median property tax rates across the state and the U.S., it's important to note that Delaware's median property tax rate is below the national median of 1.02%. This can be an attractive factor for property owners in Newport, as the lower tax rate can lead to significant savings compared to the national average. Understanding these differences in property tax rates can help property owners make informed decisions about their investments and potential savings.

Property Tax Rates Across Newport, 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 Newport Tax Rate

0.73%

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 Newport, New Castle County, Delaware

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
19804	0.35%	0.54%	0.73%	0.87%	1.02%

Source: Ownwell

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

When examining property taxes in Newport, Delaware, 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 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 Newport. For example, the median home price in Newport is $208,620, with tax bills ranging significantly across the county. Zip code 19804 has the highest median home price at $208,620.

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

Source: Ownwell

$71,775

$387,113

$702,450

Median Newport Market Value

$208,620

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 Newport, New Castle County, Delaware

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
19804	$148,878	$182,070	$208,620	$229,230	$249,570

Source: Ownwell

Property Tax Bills Across Newport, New Castle County, Delaware

In Newport, located in New Castle County, DE, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The median home price in Newport is $208,620, and the property tax rate is applied to this assessed value to calculate the tax bill. Factors such as location, property size, and improvements can influence a home's assessed value. Homeowners in Newport can expect a median property tax bill of $1,508, which is below the national median of $2,400. The tax bills range from the 25th percentile at $1,083 to the 90th percentile at $2,009, reflecting variations in property values and assessments. These taxes can significantly impact homeowners' budgets, making it essential to ensure assessments are accurate. Ownwell offers property tax appeal services to help homeowners potentially reduce their tax burden. By analyzing property assessments and market trends, Ownwell identifies opportunities for savings, ensuring homeowners in Newport pay only their fair share.

Property Tax Bills Across Newport, New Castle County, Delaware

Source: Ownwell

$702

$6,369

$12,036

Median Newport Tax Bill

$1,508

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 Newport, New Castle County, Delaware

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
19804	$733	$1,083	$1,508	$1,808	$2,009

Source: Ownwell