Lincoln, Sussex County, Delaware Property Taxes
Median Lincoln, Delaware effective property tax rate: 2.61%, significantly higher than the national median of 1.02%.
Median Lincoln, Delaware home value: $30,500
Median annual Lincoln, Delaware tax bill: $726, $1,674 lower than the national median property tax bill of $2,400.
How are property taxes in Sussex calculated?
Property taxes in Lincoln, 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 Lincoln’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lincoln, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lincoln, Sussex County, Delaware Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.61%
Estimate Property Tax Bill
$796
$739
Property Tax Rates Across Lincoln, Sussex County, Delaware
Local government entities are responsible for setting tax rates, which can significantly differ within a state. This variation occurs because each county annually estimates the budget needed to provide essential services and divides this figure by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in establishing tax rates and budgets, this is the fundamental annual process.
In Lincoln, located in Sussex County, Delaware, the effective property tax rate stands out compared to other cities in the state. With Delaware's median property tax rate at 2.61%, Lincoln's rate is notably higher than the national median property tax rate of 1.02%. This difference highlights the variability in property tax rates across different regions and demonstrates how local governance can impact property owners. For those residing in Lincoln or considering property investment there, understanding these rates is crucial. It underscores the importance of being informed about local tax obligations, which can significantly influence overall property costs.
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 Lincoln Tax Rate
2.61%
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 Lincoln, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19960 | 1.61% | 2.46% | 2.61% | 2.78% | 2.78% |
Source: Ownwell
Property Tax Assessment Values Across Lincoln, Sussex County, Delaware
When examining property taxes in Lincoln, 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 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 Lincoln. For example, the median home price in Lincoln is $30,500, with tax bills ranging significantly across the county. Zip code 19960 has the highest median home price at $30,500.
Property Tax Assessment Values Across Lincoln, Sussex County, Delaware
Source: Ownwell
$23,500
$41,800
$60,100
Median Lincoln Market Value
$30,500
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 Lincoln, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19960 | $12,200 | $19,300 | $30,500 | $40,400 | $53,500 |
Source: Ownwell
Property Tax Bills Across Lincoln, Sussex County, Delaware
Median Lincoln Tax Bill
$726
Median Sussex County Tax Bill
$943
Median Delaware Tax Bill
$1,362
Median United States Tax Bill
$2,400
Property Tax Bills Across Lincoln, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19960 | $295 | $448 | $726 | $1,017 | $1,388 |
Source: Ownwell