Real Estate Taxes

Just the Facts: Not All Community Real Estate Taxes are the Same

When deciding which state to live in and considering the taxes, be sure to carefully compare the same data because not all taxes are the same in all communities.

Questions about taxes often come up when talking with people who live in other states. They have heard Delaware property taxes are low, but when searching online, they [...]

More Taxes, Lower Refunds - Will tax changes impact Delaware residents?

How the reduction of itemized deductions may impact income tax and refunds for those living in the state of Delaware.

Losing itemized tax deductions

The full impact of recent changes to income tax deductions is starting to become apparent, even in Delaware where traditionally residents enjoy lower state taxes. I spoke to a friend the other [...]

Will I Have To Pay Capital Gains Tax When I Sell My Home?

When it comes to your primary residence, there are certain requirements that must be met to avoid Capital Gains.

Delaware real estate broker, Kathy Sperl-Bell of Active Adults Realty shares with you the truth about Capital Gains taxes and under what conditions you should expect to pay them when you sell your [...]

Capital Gains: Which Questions to Take to Your Financial Advisor

Understanding how the 2018 capital gains tax changes may impact your real estate decisions for the coming year.

When you sell a stock, you owe taxes on your capital gainthe difference between what you paid for the stock and what you sold it for. The same holds true when selling a home (or a second home) but there are some special [...]

The SALT Deduction - How Changes Will Affect Homeowners In Delaware

Changes to the SALT Deductions - How will Delaware homeowners be impacted?

In today's Ask The Broker video, I discuss the recent changes in the tax law regarding SALT (State and Local Tax Deductions) and what kind of impact it will have on Delaware homeowners and those in the Mid-Atlantic [...]

Delaware's Real Estate Taxes are the 4th Lowest-Again!

Delaware has the nations 4th-lowest real estate property tax rate, according to a recent report from WalletHub.

Aiding Delaware is the lack of vehicle property taxes seen in other states. The rankings were as follows.

  • Real-Estate Property Tax Rank*: 4th
  • Vehicle Property Tax Rank*: 1st
  • Real-Estate Tax on Median State House Value: $1,231
  • Real-Estate Tax on Median U.S. House Value:
  • [...]

Delaware Senior School Property Tax Credit

If you are 65 or over, you are eligible for a property tax credit against regular school taxes assessed on your primary residence. The actual credit is for 50 percent of the taxes up to a maximum of $500. It sounds very simple, but as I was doing the research for myself, I ended up with questions. So, I made some calls and I am sharing those [...]