Townsend, New Castle County, Delaware Property Taxes
Median Townsend, DE effective property tax rate: 0.87%, significantly lower than the national median of 1.02%. Median Townsend, DE home value: $319,590. Median annual Townsend, DE tax bill: $2,911, $511 higher than the national median property tax bill of $2,400.
How are property taxes in New Castle calculated?
Property taxes in Townsend, 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 Townsend’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Townsend, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Townsend, New Castle County, Delaware Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$2,780
$2,580
Property Tax Rates Across Townsend, New Castle County, Delaware
Local government entities determine property tax rates, which can differ significantly across a state. This variation occurs because each county annually estimates the budget needed for services and divides it by the total assessed value of taxable properties. This process results in the property tax rate. Though votes and laws play a role in setting these rates and budgets, this is the core of the annual procedure.
In Townsend, located in New Castle County, the effective property tax rate stands at 0.87%. This rate is lower than the national median property tax rate of 1.02%. The median property tax rate in Delaware is also 0.87%, consistent with Townsend's rate. Comparing this with the national median property tax bill of $2,400, Townsend residents benefit from more affordable property taxes. Despite the uniformity in tax rates across Delaware, Townsend's rate remains favorable when juxtaposed with the national landscape. Residents can take advantage of this to potentially lower their annual property tax bills through available appeals and exemptions.
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 Townsend Tax Rate
0.87%
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 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 Townsend, New Castle County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19734 | 0.49% | 0.73% | 0.87% | 1.03% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Townsend, New Castle County, Delaware
When examining property taxes in Townsend, 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.
In New Castle County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Townsend.
For example, the median home price in Townsend is $319,590, with tax bills ranging significantly across the county. Zip code 19734 has the highest median home price at $319,590.
Property Tax Assessment Values Across Townsend, New Castle County, Delaware
Source: Ownwell
$71,775
$387,113
$702,450
Median Townsend Market Value
$319,590
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 Townsend, New Castle County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19734 | $99,800 | $228,690 | $319,590 | $401,130 | $458,280 |
Source: Ownwell
Property Tax Bills Across Townsend, New Castle County, Delaware
In Townsend, located in New Castle County, DE, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is influenced by factors such as location, size, and property condition. Homeowners in Townsend face a median property tax bill of $2,911, which is notably higher than the national median of $2,400. The tax bill can range significantly, with the 25th percentile at $2,053 and the 90th percentile reaching $4,288, reflecting the diverse property values in the area.
For homeowners, these taxes can represent a substantial financial burden. However, Ownwell offers a solution to help reduce this burden. By providing expert property tax appeal and exemption services, Ownwell can assist homeowners in potentially lowering their assessed property value, thus reducing their tax bills. With a deep understanding of local tax laws and valuation methods, Ownwell ensures homeowners pay only their fair share, potentially saving them hundreds or even thousands of dollars annually.
Median Townsend Tax Bill
$2,911
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 Townsend, New Castle County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19734 | $1,060 | $2,053 | $2,911 | $3,528 | $4,288 |
Source: Ownwell