Milford, Sussex County, Delaware Property Taxes

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

Median Milford, DE effective property tax rate: 2.78%, significantly higher than the national median of 1.02%.
Median Milford, DE home value: $34,000
Median annual Milford, DE tax bill: $848, $1,552 lower than the national median property tax bill of $2,400.

How are property taxes in Sussex calculated?

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

Last Updated March 1, 2025

Milford, Sussex County, Delaware Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.78%

Estimate Property Tax Bill

$945

$877

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

Property Tax Rates Across Milford, Sussex County, Delaware

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget annually 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 votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Milford, located in Sussex County, Delaware, the effective property tax rate stands out when compared to other cities in the state and the national median. Delaware's median property tax rate is notably higher than the national median of 1.02%. This indicates that property owners in Milford may face a higher financial burden compared to the average U.S. homeowner. Understanding these differences is crucial for property owners looking to manage their expenses effectively. By comparing Milford's property tax rates to those in other regions, homeowners can make informed decisions about their property investments and explore potential savings through property tax appeals or exemptions.

Property Tax Rates Across Milford, Sussex County, Delaware

Source: Ownwell

2.07%

2.51%

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 Milford Tax Rate

2.78%

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 Milford, Sussex County, Delaware

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
19963	1.61%	2.78%	2.78%	2.78%	2.78%

Source: Ownwell

Property Tax Assessment Values Across Milford, Sussex County, Delaware

When examining property taxes in Milford, 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 Milford.

For example, the median home price in Milford is $34,000, with tax bills ranging significantly across the county. Zip code 19963 has the highest median home price at $34,000.

Property Tax Assessment Values Across Milford, Sussex County, Delaware

Source: Ownwell

$23,500

$41,800

$60,100

Median Milford Market Value

$34,000

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 Milford, Sussex County, Delaware

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
19963	$13,940	$23,900	$34,000	$45,400	$61,600

Source: Ownwell

Property Tax Bills Across Milford, Sussex County, Delaware

In Milford, located in Sussex County, Delaware, property tax bills are determined based on the assessed value of a property. The assessed value is a percentage of the property's market value, and the local tax rate is applied to this assessed value to calculate the annual tax bill. In Milford, the median property tax bill is $848, which is significantly lower than the national median of $2,400. The tax bill can vary, with the 25th percentile at $562 and the 75th percentile at $1,176. Several factors influence the property tax bill, including changes in property values and local government budgets. For homeowners, this means that property taxes can be a manageable expense, but they may still impact household budgets. Ownwell offers valuable assistance by helping homeowners in Milford identify opportunities for property tax appeals and exemptions. By leveraging expert knowledge, Ownwell can potentially reduce property tax liabilities, ensuring homeowners only pay what is necessary and possibly saving them a substantial amount on their annual tax bill.

Property Tax Bills Across Milford, Sussex County, Delaware

Source: Ownwell

$565

$975

$1,385

Median Milford Tax Bill

$848

Median Sussex County Tax Bill

$943

Median Delaware Tax Bill

$1,362

Median United States Tax Bill

$2,400

Property Tax Bills Across Milford, Sussex County, Delaware

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
19963	$353	$562	$848	$1,176	$1,618

Source: Ownwell