Property taxes in Maryland and Delaware ?

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Property taxes in Maryland and Delaware ?

Joe Gilroy
Rental Property Investor · Castro Valley, CA · Member since 2011 · 81 posts · 17 votes

How do they calculate what your property taxes will be when you purchase a property in Maryland and/ or Delaware ?     Is it a percentage of the new purchase price ?   Is it the same for a Single family home and / or a duplex / triplex ?     Owner occupied or  Non Owner occupied  ?    Thanks in advance !   

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Eric Armstrong
Investor · Wilmington, DE · Member since 2013 · 394 posts · 123 votes
5y

@Vincent Garman no wonder the roads are so bad.

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  • Tom GimerBusiness Member
    DMV · Member since 2017 · 3k+ posts · 3k+ votes
    5y

    I can help with Maryland. Properties are reassessed every 3 years... not with each resale. Assessments are based upon FMV using a blend of methods. Tax increases are capped at 10% per year. State + county + municipality. Each county and municipality has a different tax rate.

    Primary residences get a reduction and can be paid in 2 installments. Tax year is July-June. 

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    • Joe Gilroy
      OP
      Rental Property Investor · Castro Valley, CA · Member since 2011 · 81 posts · 17 votes
      5y
      Originally posted by @Tom Gimer:

      I can help with Maryland. Properties are reassessed every 3 years... not with each resale. Assessments are based upon FMV using a blend of methods. Tax increases are capped at 10% per year. State + county + municipality. Each county and municipality has a different tax rate.

      Primary residences get a reduction and can be paid in 2 installments. Tax year is July-June. 

      Thank you Tom !

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  • Vincent Garman
    Real Estate Agent · DE · Member since 2019 · 82 posts · 38 votes
    5y

    Delaware its public record. Let me know what property it is and I can look it up for you. 

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    • Joe Gilroy
      OP
      Rental Property Investor · Castro Valley, CA · Member since 2011 · 81 posts · 17 votes
      5y
      Originally posted by @Vincent Garman:

      Delaware its public record. Let me know what property it is and I can look it up for you. 

      Thank you Vincent !     The address is   205 North St   Milford, DE  19963  

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  • Vincent Garman
    Real Estate Agent · DE · Member since 2019 · 82 posts · 38 votes
    5y

    Hey Joe, $358 for the year. Yes that number is correct. 

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    • Joe Gilroy
      OP
      Rental Property Investor · Castro Valley, CA · Member since 2011 · 81 posts · 17 votes
      5y
      Originally posted by @Vincent Garman:

      Hey Joe, $358 for the year. Yes that number is correct. 

      Wow !    That is really low !    Is there a website where I can look these up myself  ?   Thank you Vincent for your help !   

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  • Vincent Garman
    Real Estate Agent · DE · Member since 2019 · 82 posts · 38 votes
    5y

    New Castle County

    http://www3.nccde.org/parcel/search/

    Kent County

    http://kent400.co.kent.de.us/P...

    Sussex County

    https://property.sussexcountyd...

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  • Eric Armstrong
    Investor · Wilmington, DE · Member since 2013 · 394 posts · 123 votes
    5y

    @Vincent Garman no wonder the roads are so bad.

    1Reply
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