Georgetown, Sussex County, Delaware Property Taxes
Median Georgetown, DE effective property tax rate: 2.10%, significantly higher than the national median of 1.02%.
Median Georgetown, DE home value: $31,900
Median annual Georgetown, DE tax bill: $613, $1,787 lower than the national median property tax bill of $2,400.
How are property taxes in Sussex calculated?
Property taxes in Georgetown, 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 Georgetown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Georgetown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Georgetown, Sussex County, Delaware Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.1%
Estimate Property Tax Bill
$670
$622
Property Tax Rates Across Georgetown, Sussex County, Delaware
Local government entities determine tax rates, which can significantly differ within a state. This variation arises because each county annually assesses its budgetary needs to provide essential services and divides this figure by the total value of all taxable properties in its area, creating the property tax rate. Although the process involves votes and legislation, this is the basic annual procedure.
In Georgetown, located in Sussex County, Delaware, the effective property tax rate stands out compared to other cities within the state. Delaware's median property tax rate is 2.10%, which is significantly higher than the national median of 1.02%. This means that residents in Georgetown experience higher property tax bills compared to many other regions in the country.
Understanding these rates is crucial for homeowners and potential buyers as they reflect the financial obligations tied to property ownership. By analyzing these rates and comparing them to state and national medians, property owners can make informed decisions about their investments and potential savings through property tax appeals or 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 Georgetown Tax Rate
2.10%
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 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 Georgetown, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19947 | 1.33% | 2.07% | 2.10% | 2.14% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Georgetown, Sussex County, Delaware
When examining property taxes in Georgetown, 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 May. 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 Georgetown.
For example, the median home price in Georgetown is $31,900, with tax bills ranging significantly across the county. Zip code 19947 has the highest median home price at $31,900.
Property Tax Assessment Values Across Georgetown, Sussex County, Delaware
Source: Ownwell
$23,500
$41,800
$60,100
Median Georgetown Market Value
$31,900
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 Georgetown, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19947 | $12,800 | $20,800 | $31,900 | $46,400 | $62,500 |
Source: Ownwell
Property Tax Bills Across Georgetown, Sussex County, Delaware
In Georgetown, Delaware, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's location within Sussex County and any applicable exemptions or deductions. With a median property tax bill of $613, Georgetown's taxes are significantly lower than the national median of $2,400. However, homeowners still face challenges, especially if property values rise or if they miss out on potential exemptions.
Ownwell offers valuable assistance to homeowners by identifying opportunities for appealing assessments or applying for exemptions. By leveraging expertise in property tax laws and local market trends, Ownwell can help reduce tax burdens, ensuring homeowners pay only what is necessary. This support not only provides financial relief but also brings peace of mind, knowing that one's property tax obligations are being managed effectively.
Median Georgetown Tax Bill
$613
Median Sussex County Tax Bill
$943
Median Delaware Tax Bill
$1,362
Median United States Tax Bill
$2,400
Property Tax Bills Across Georgetown, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19947 | $264 | $395 | $613 | $908 | $1,258 |
Source: Ownwell