Greenwood, Sussex County, Delaware Property Taxes
Property Taxes in Greenwood, Delaware
Median Greenwood, Delaware effective property tax rate: 2.95%, significantly higher than the national median of 1.02%, and higher than the Delaware state median of null%.
Median Greenwood, Delaware home value: $31,300
Median annual Greenwood, Delaware tax bill: $889, $1,511 lower than the national median property tax bill of $2,400.
How are property taxes in Sussex calculated?
Property taxes in Greenwood, Delaware 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 Greenwood's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Greenwood, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Greenwood, Sussex County, Delaware Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.95%
Estimate Property Tax Bill
$923
$857
How Does the Greenwood Property Tax Calculator Work?
Use this Greenwood property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Greenwood's median effective tax rate of 2.95% — based on actual property records in Sussex County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Greenwood's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Greenwood: rates are consistent at $889 in 19950, reflecting local differences in assessed values and taxing districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Greenwood.
About Greenwood Property Taxes
About Property Taxes in Greenwood, Sussex, Delaware
Greenwood’s median effective property tax rate of 2.95% is higher than the national median of 1.02%. This rate reflects the Sussex County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Greenwood. Homeowners in the 19950 ZIP code carry a median effective rate of 2.95%, while those in the same ZIP code pay 2.95%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Sussex County. Understanding which part of Greenwood you live in can make a meaningful difference to your annual tax bill.
Greenwood homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the March 15, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Greenwood, Sussex County, Delaware
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Greenwood's effective property tax rate to other cities in Delaware and the median property tax rates in Delaware and the U.S.
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 Greenwood Tax Rate
2.95%
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
2.21%
Median Effective Delaware Tax Rate
1.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Greenwood, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19950 | 1.77% | 2.74% | 2.95% | 3.02% | 4.02% |
Source: Ownwell
Property Tax Assessment Values Across Greenwood, Sussex County, Delaware
When examining property taxes in Greenwood, 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 assessment office 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.
Assessment notices:
In Sussex County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Greenwood.
For example, the median home price in Greenwood is $31,300, with tax bills ranging significantly across the county. ZIP code 19950 has the highest median home price at $31,300.
Property Tax Assessment Values Across Greenwood, Sussex County, Delaware
Source: Ownwell
$24,350
$42,625
$60,900
Median Greenwood Market Value
$31,300
Median Sussex County Market Value
$42,600
Median Delaware Market Value
$66,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Greenwood, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19950 | $13,600 | $22,500 | $31,300 | $41,525 | $59,200 |
Source: Ownwell
Property Tax Bills Across Greenwood, Sussex County, Delaware
Property tax bills in Greenwood are based on the assessed value of a home and the local tax rate set for Sussex County. When a property is valued, that assessment is used to calculate the amount owed, so changes in market value can affect the final bill. For homeowners, this means a higher assessed value can lead to a larger tax bill, while a lower assessment may reduce what is due.
The median home price in Greenwood is $31,300, and the median property tax bill is $889.00. That figure is below the national median property tax bill of $2,400 and far under the national median property tax rate of 1.02%. Typical tax bills range from $633 at the 25th percentile to $1,182 at the 75th percentile, with the 90th percentile reaching $1,638. These differences show how property taxes can vary from one homeowner to another based on assessed value and local tax conditions.
Median Greenwood Tax Bill
$889
Median Sussex County Tax Bill
$945
Median Delaware Tax Bill
$1,454
Median United States Tax Bill
$2,400
Property Tax Bills Across Greenwood, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19950 | $401 | $633 | $889 | $1,182 | $1,638 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 15 |
Links | |
|---|---|
| Sussex Tax Assessor | |
| Website | property.sussexcountyde.gov |