Greenwood, Sussex County, Delaware Property Taxes

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

Median Greenwood, DE effective property tax rate: 2.94%, significantly higher than the national median of 1.02%.
Median Greenwood, DE home value: $31,100
Median annual Greenwood, DE tax bill: $888, $1,512 lower than the national median property tax bill of $2,400.

How are property taxes in Sussex calculated?

Property taxes in Greenwood, 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 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 March 1, 2025

Greenwood, Sussex County, Delaware Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.94%

Estimate Property Tax Bill

$914

$848

Ownwell’s Greenwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Greenwood with just two data points.

By entering your property's estimated assessed value, our calculator applies Greenwood’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 Sussex County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Greenwood, Sussex County, Delaware

Local government entities set tax rates, which can vary significantly within a state. This happens because each county annually 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. Greenwood, located in Sussex County, has a property tax rate of 2.94%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent across Sussex County, with no variation between the highest and lowest rates. Residents in Greenwood face property tax bills that are significantly higher than the national median property tax bill of $2400. Understanding these rates can help property owners make informed decisions about appealing their property tax assessments.

Property Tax Rates Across Greenwood, Sussex County, Delaware

Source: Ownwell

2.07%

2.51%

2.96%

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

2.94%

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 Greenwood, Sussex County, Delaware

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
19950	1.78%	2.80%	2.94%	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 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 Greenwood. For example, the median home price in Greenwood is $31,100, with tax bills ranging significantly across the county. Zip code 19950 has the highest median home price at $31,100.

Property Tax Assessment Values Across Greenwood, Sussex County, Delaware

Source: Ownwell

$23,500

$41,800

$60,100

Median Greenwood Market Value

$31,100

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 Greenwood, Sussex County, Delaware

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
19950	$13,450	$22,200	$31,100	$41,500	$59,300

Source: Ownwell

Property Tax Bills Across Greenwood, Sussex County, Delaware

In Greenwood, Sussex County, DE, property tax bills are determined by assessing the property's value and applying the local tax rate. The median home price in Greenwood is $31,100, significantly lower than the national median. Homeowners in this area face a median property tax bill of $888, which is well below the national median of $2,400. The tax bill varies based on property value and specific local rates, with the 25th percentile at $627 and the 90th percentile reaching $1,653. These factors mean that property taxes in Greenwood are relatively affordable, offering homeowners some financial relief compared to other regions. However, unexpected increases in assessed values can lead to higher tax bills, impacting homeowners' budgets. Ownwell assists homeowners in Greenwood by offering property tax appeal and exemption services, potentially reducing tax burdens. By leveraging local expertise and understanding of assessment practices, Ownwell helps ensure homeowners pay no more than their fair share, providing peace of mind and potential savings.

Property Tax Bills Across Greenwood, Sussex County, Delaware

Source: Ownwell

$565

$975

$1,385

Median Greenwood Tax Bill

$888

Median Sussex County Tax Bill

$943

Median Delaware Tax Bill

$1,362

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	$403	$627	$888	$1,187	$1,653

Source: Ownwell