Warwick, New Castle County, Delaware Property Taxes

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

Median Warwick, DE effective property tax rate: 3.56%, significantly higher than the national median of 1.02%.
Median Warwick, DE home value: $8,000
Median annual Warwick, DE tax bill: $284, $2,116 lower than the national median property tax bill of $2,400.

How are property taxes in New Castle calculated?

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

Last Updated March 1, 2025

Warwick, New Castle County, Delaware Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.56%

Estimate Property Tax Bill

$285

$264

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

Property Tax Rates Across Warwick, New Castle County, Delaware

Local government entities determine tax rates, and these can differ significantly within a state. This variation occurs because each county calculates its budget needs annually to fund services, which is then divided by the total value of all taxable properties in the area, resulting in the property tax rate. Although votes and legislation play roles in setting these rates and budgets, this is the core of the yearly process.

In Warwick, located in New Castle County, Delaware, the effective property tax rate stands out when compared to other cities within the state. Delaware's median property tax rate is notably higher than the national median of 1.02%. This means that residents in Warwick may experience a higher property tax burden compared to many other parts of the country. Understanding these rates can be crucial for property owners looking to manage their tax liabilities effectively. By comparing Warwick’s tax rate to both state and national medians, property owners can gain valuable insights into their tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Warwick, New Castle County, Delaware

Source: Ownwell

0.44%

1.44%

2.43%

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 Warwick Tax Rate

3.56%

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 Warwick, New Castle County, Delaware

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
21912	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Warwick, New Castle County, Delaware

When examining property taxes in Warwick, 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 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 Warwick. For example, the median home price in Warwick is $8,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Warwick, New Castle County, Delaware

Source: Ownwell

$71,775

$387,113

$702,450

Median Warwick Market Value

$8,000

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 Warwick, New Castle County, Delaware

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
21912	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Warwick, New Castle County, Delaware

In Warwick, New Castle County, DE, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local authorities and is used to calculate the property tax bill. The tax rate is applied to this assessed value to determine the annual property tax bill. For homeowners in Warwick, the typical property tax bill is notably lower than the national median, with values such as the 25th, 75th, and 90th percentiles all being $284, compared to the national median bill of $2,400. This lower tax bill can be attributed to the lower median home price of $8,000 in the area. However, homeowners can still find opportunities for savings. Ownwell offers services to help homeowners reduce their property tax bills through appeals and exemptions. By analyzing the assessed value and comparing it to market trends, Ownwell can identify potential inaccuracies or overvaluations that could result in a reduced tax bill, providing significant savings for homeowners in Warwick.

Property Tax Bills Across Warwick, New Castle County, Delaware

Source: Ownwell

$702

$6,369

$12,036

Median Warwick Tax Bill

$284

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 Warwick, New Castle County, Delaware

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
21912	N/A	N/A	N/A	N/A	N/A

Source: Ownwell