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How Much is Property Tax on a $500,000 Home in Delaware?
Property tax on a $500,000 home in Delaware typically ranges from $1,500 to $4,500 per year (roughly $125 to $375/month), depending on the county. Based on the statewide average effective rate of 0.57%, you can expect to pay around $2,850/year, or $238/month. Delaware has low property tax rates and no state sales tax, making it an attractive state for homeowners looking to minimize their overall tax burden.