Delaware vs Indiana
Property Tax Comparison: Delaware vs. Indiana
According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), the two states differ in several property‑tax‑related metrics. The following sections present a side‑by‑side view of the data, identify which state has the lower effective property‑tax rate, and outline which types of residents are most likely to be affected by the differences.
Side‑by‑Side Comparison
| Metric | Delaware | Indiana |
|---|---|---|
| Effective property tax rate | 0.53 % | 0.74 % |
| Median home value | $326,800 | $201,600 |
| Median annual property tax | $1,731 | $1,496 |
| Annual tax on a $250,000 home | $1,324 | $1,855 |
| Annual tax on a $500,000 home | $2,649 | $3,711 |
| Median household income | $82,855 | $70,051 |
Sources: Delaware property tax; Indiana property tax.
Which State Wins on Property Taxes?
Delaware has the lower effective property‑tax rate at 0.53 %, compared with 0.74 % in Indiana.
- The rate difference is 0.21 percentage points, which represents a 28.62 % relative reduction.
- For a $250,000 home, the annual tax in Delaware is $531 less than in Indiana.
- For a $500,000 home, the annual tax in Delaware is $1,062 less than in Indiana.
Because the effective tax rate is the primary measure of the tax burden relative to property value, Delaware is the “winner” in this comparison.
Who Is This Comparison Most Relevant For?
| Audience | Relevance of the Comparison |
|---|---|
| Current homeowners | The lower effective rate in Delaware means a smaller proportion of a home’s value is paid each year, which can affect long‑term affordability, especially for higher‑priced properties. |
| Prospective homebuyers | Buyers evaluating where to purchase can use the rate difference to estimate future annual tax costs for homes at various price points. |
| Retirees and fixed‑income households | A lower tax rate may be advantageous for households with limited discretionary income, as it reduces the fixed housing expense. |
| Real‑estate investors | Investors comparing cash‑flow projections will see lower property‑tax outlays in Delaware, potentially influencing investment location decisions. |
| Policy analysts | The data illustrate how state‑level tax structures differ, providing a baseline for studies of fiscal policy impacts. |
All figures are based on the most recent ACS estimates, and they reflect statewide medians and averages. Local variations (e.g., municipal tax rates, exemptions, and assessment practices) can cause actual tax bills to differ from the values shown here.
Summary – Based on the effective property‑tax rate, Delaware imposes a lower property‑tax burden than Indiana. The difference is most pronounced for higher‑valued homes, and the information is most useful for homeowners, prospective buyers, retirees, and investors who need to estimate annual tax costs as part of their housing decisions.
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Data Source
All figures are drawn from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates). This comprehensive dataset provides reliable, standardized property tax information across all states.