Laurel, Sussex County, Delaware Property Taxes
Median Laurel, DE effective property tax rate: 2.96%, significantly higher than the national median of 1.02%.
Median Laurel, DE home value: $27,900
Median annual Laurel, DE tax bill: $741, $1,659 lower than the national median property tax bill of $2,400.
How are property taxes in Sussex calculated?
Property taxes in Laurel, 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 Laurel’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Laurel, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Laurel, Sussex County, Delaware Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.96%
Estimate Property Tax Bill
$826
$766
Ownwell’s Laurel Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Laurel with just two data points.
By entering your property's estimated assessed value, our calculator applies Laurel’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 Sussex County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Laurel, Sussex County, Delaware
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 Laurel Tax Rate
2.96%
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 Sussex County Tax Rate
2.20%
Median Effective Delaware Tax Rate
1.41%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Laurel, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19956 | 1.86% | 2.90% | 2.96% | 3.04% | 3.12% |
Source: Ownwell
Property Tax Assessment Values Across Laurel, Sussex County, Delaware
When examining property taxes in Laurel, 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 Sussex 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 Sussex 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 Laurel.
For example, the median home price in Laurel is $27,900, with tax bills ranging significantly across the county. Zip code 19956 has the highest median home price at $27,900.
Property Tax Assessment Values Across Laurel, Sussex County, Delaware
Source: Ownwell
$23,500
$41,800
$60,100
Median Laurel Market Value
$27,900
Median Sussex County Market Value
$42,000
Median Delaware Market Value
$64,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Laurel, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19956 | $11,800 | $17,100 | $27,900 | $38,700 | $53,800 |
Source: Ownwell
Property Tax Bills Across Laurel, Sussex County, Delaware
In Laurel, Sussex County, DE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is applied to this assessed value to determine the annual tax bill. In Laurel, the median property tax bill stands at $741, which is significantly lower than the national median of $2,400. This discrepancy can make owning a home in Laurel more affordable compared to other regions. However, even with lower tax bills, homeowners can still benefit from ensuring their property is not over-assessed. Factors like property size, location, and improvements can influence assessments, potentially leading to higher taxes.
Ownwell offers expert property tax appeal services to help homeowners in Laurel ensure their assessments are fair. By reviewing property assessments and identifying discrepancies, Ownwell can assist in reducing tax liabilities. This service not only helps in lowering annual tax bills but also ensures homeowners are not overpaying, providing peace of mind and financial savings.
Median Laurel Tax Bill
$741
Median Sussex County Tax Bill
$943
Median Delaware Tax Bill
$1,362
Median United States Tax Bill
$2,400
Property Tax Bills Across Laurel, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19956 | $322 | $461 | $741 | $1,064 | $1,501 |
Source: Ownwell