Ocean View, Sussex County, Delaware Property Taxes
Median Ocean View, DE effective property tax rate: 2.11%, significantly higher than the national median of 1.02%. Median Ocean View, DE home value: $52,300. Median annual Ocean View, DE tax bill: $1,119, $1,281 lower than the national median property tax bill of $2,400.
How are property taxes in Sussex calculated?
Property taxes in Ocean View, 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 Ocean View’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ocean View, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ocean View, Sussex County, Delaware Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.11%
Estimate Property Tax Bill
$1,104
$1,024
Property Tax Rates Across Ocean View, Sussex County, Delaware
Local government entities set tax rates, which can vary widely within a state. This variation occurs 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 voting and legislation play roles in setting tax rates and budgets, this is the annual process in a nutshell.
Below, you can compare Ocean View’s effective property tax rate to other cities in Delaware and the median property tax rates in Delaware and the U.S. Ocean View, located in Sussex County, has a median property tax rate of 2.11%, which is significantly higher than the national median rate of 1.02%. This rate also represents the highest and lowest median tax rates in the area, as the zip code 19970 shares the same rate. In comparison to the national median property tax bill of $2400, homeowners in Ocean View may find their tax bills considerably higher, reflecting the local government's budgetary needs and property values.
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 Ocean View Tax Rate
2.11%
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 Ocean View, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19970 | 1.66% | 2.07% | 2.11% | 2.20% | 3.06% |
Source: Ownwell
Property Tax Assessment Values Across Ocean View, Sussex County, Delaware
When examining property taxes in Ocean View, 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 Tax Assessor 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 Ocean View.
For example, the median home price in Ocean View is $52,300, with tax bills ranging significantly across the county. Zip code 19970 has the highest median home price at $52,300.
Property Tax Assessment Values Across Ocean View, Sussex County, Delaware
Source: Ownwell
$23,500
$41,800
$60,100
Median Ocean View Market Value
$52,300
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 Ocean View, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19970 | $18,500 | $34,800 | $52,300 | $72,200 | $85,800 |
Source: Ownwell
Property Tax Bills Across Ocean View, Sussex County, Delaware
Median Ocean View Tax Bill
$1,119
Median Sussex County Tax Bill
$943
Median Delaware Tax Bill
$1,362
Median United States Tax Bill
$2,400
Property Tax Bills Across Ocean View, Sussex County, Delaware
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19970 | $506 | $804 | $1,119 | $1,494 | $1,791 |
Source: Ownwell