Delaware Property Transfer Tax Exemption – Qualified AREAS (New Castle County)

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Real Estate Agent with BHHS Fox & Roach | www.DelawareValleyRE.com

Delaware Property Transfer Tax Exemption - Qualified AREAS (New Castle County)

ATTENTION: Delaware First Time Home Buyers

 

Many Delaware municipalities and counties have enacted the 1½ percent tax, so generally the Delaware transfer tax is a total of 3% (1½ percent to the State and 1½ percent to the county or municipality). This amount is split between the buyer and seller of real estate, unless the parties agree otherwise.

The State offers NO Property Transfer Tax Exemption; however, the New Castle County has an exemption - .75% of county transfer tax fee - for first time home buyers (FTHB).

  • In the City of Wilmington, you are a first time buyer eligible for the Property Transfer Tax Exemption if you have not purchased a residence in the City in the last three years.
  • In unincorporated New Castle County, you can never have owned residential property anywhere (including other states or foreign countries) to qualify for the exemption.

AREAS THAT QUALIFY FOR FTHB EXEMPTION:

  • 26 - City of Wilmington* (2-Digit Number Represent 1st two positions on parcel number)
  • UNINCORPORATED, New Castle County

AREAS THAT DO NOT QUALIFY FOR FTHB EXEMPTION:

INCORPORATED, New Castle County (2-Digit Number Represent 1st two positions on parcel number)

  • 15 - SMYRNA (Town) Note: Part of Smyrna is in Kent County
  • 16 - ARDEN (Village)
  • 17 - BELLEFONTE (Town)
  • 18 - NEWARK (City)
  • 19 - ELSMERE (Town)
  • 20 - NEWPORT (Town)
  • 21 - NEW CASTLE (City)
  • 22 - DELAWARE CITY (City)
  • 23 - MIDDLETOWN (Town)
  • 24 - ODESSA (Town)
  • 25 - TOWNSEND (Town)
  • 27 - AREDENTOWN (Village)
  • 29 - ARDENCROFT (Village)
  • 30 - CLAYTON (Town) Note: Part of Clayton is in Kent County

Additional Information:

Information in this post is deemed reliable but not guaranteed. This post is for informational purposes only and is not a substitute for legal, tax or other professional assistance.

 

If you have any real estate questions, please contact me. Whether buying, selling, or just curious to learn more, I'm here to assist you.  Please contact me with your questions. I look forward to hearing from you.

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delaware property transfer tax exemption
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letitia stevenson

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Anonymous
Jon
If my father wants to transfer the title of his home to me located in Dover DE, do we still have to pay taxes for that since I'm not actually "buying" the house and it is family? Regards
Apr 21, 2011 10:18 AM #1
Anonymous
Carol

Hi Letitia,

I was doing a google search to find out what the deal was with Middletown and the FTHB exemption, and up popped your website!!! Nice job! Thanks for the information!

 

Carol

Jun 02, 2011 04:36 PM #2
Rainmaker
443,387
Letitia Stevenson
BHHS Fox & Roach | www.DelawareValleyRE.com - Greenville, DE
Delaware Valley Real Estate, Lic'd in DE, PA & MD

Jon, According to Section 7 of the 2010 FISCAL NOTEBOOK pdf (Realty Transfer Tax pdf - page 158), conveyances between parent and child are generally excluded from property/realty transfer tax.

Additional Resources:

This response is provided for informational purposes only and is not a substitute for legal, tax or other professional assistance. I recommend that you verify this information, especially as it relates to your situation. Start with the resources provided above.

Jun 02, 2011 09:09 PM #3
Rainmaker
443,387
Letitia Stevenson
BHHS Fox & Roach | www.DelawareValleyRE.com - Greenville, DE
Delaware Valley Real Estate, Lic'd in DE, PA & MD

Carol, You're Welcome and Thanks for Stopping By!

Jun 02, 2011 09:10 PM #4
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Rainmaker
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Letitia Stevenson

Delaware Valley Real Estate, Lic'd in DE, PA & MD
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