Milton, Sussex County, Delaware Property Taxes
Median Milton, DE effective property tax rate: 2.46%, significantly higher than the national median of 1.02%.
Median Milton, DE home value: $49,500
Median annual Milton, DE tax bill: $1,074, $1,326 lower than the national median property tax bill of $2,400.
How are property taxes in Sussex calculated?
Property taxes in Milton, 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 Milton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Milton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Milton, Sussex County, Delaware Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.46%
Estimate Property Tax Bill
$1,218
$1,130
Property Tax Rates Across Milton, Sussex County, Delaware
Local government entities are responsible for setting tax rates, which can vary significantly across Delaware. The process involves each county estimating its required budget to provide essential services, then dividing this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
In Milton, located in Sussex County, the effective property tax rate is 2.46%, which is notably higher than the national median of 1.02%. This places Milton among the areas with the highest median tax rates in Delaware. Such a rate can impact homeowners significantly, with the property tax bill often surpassing the national median of $2,400.
Comparing Milton's effective property tax rate to other cities in Delaware and the U.S. highlights the variation in tax burdens homeowners face. Understanding these differences is crucial for homeowners considering an appeal or exemption to potentially lower their property tax obligations.
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 Milton Tax Rate
2.46%
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 Milton, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19968 | 1.49% | 2.46% | 2.46% | 2.46% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Milton, Sussex County, Delaware
When examining property taxes in Milton, 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 the season. 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 Milton. For example, the median home price in Milton is $49,500, with tax bills ranging significantly across the county. Zip code 19968 has the highest median home price at $49,500.
Property Tax Assessment Values Across Milton, Sussex County, Delaware
Source: Ownwell
$23,500
$41,800
$60,100
Median Milton Market Value
$49,500
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 Milton, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19968 | $17,800 | $31,900 | $49,500 | $65,400 | $79,700 |
Source: Ownwell
Property Tax Bills Across Milton, Sussex County, Delaware
Median Milton Tax Bill
$1,074
Median Sussex County Tax Bill
$943
Median Delaware Tax Bill
$1,362
Median United States Tax Bill
$2,400
Property Tax Bills Across Milton, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19968 | $398 | $680 | $1,074 | $1,500 | $1,872 |
Source: Ownwell