Delaware vs Minnesota
Property‑Tax Comparison: Delaware vs. Minnesota
Intro
Both Delaware and Minnesota levy property taxes that fund local services such as schools, roads, and public safety. According to the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates), Delaware’s effective property‑tax rate is roughly half that of Minnesota. The two states also differ in median home values, median household incomes, and the resulting annual tax bills for typical home prices.
Side‑by‑Side Metrics
| Metric | Delaware | Minnesota |
|---|---|---|
| Effective property‑tax rate | 0.53 % | 1.04 % |
| Median home value | $326,800 | $305,500 |
| Median annual property tax | $1,731 | $3,184 |
| Property tax on a $250,000 home | $1,324 | $2,606 |
| Property tax on a $500,000 home | $2,649 | $5,211 |
| Median household income | $82,855 | $87,556 |
Sources: “According to the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).”
Which State Has the Lower Tax Burden?
- Winner (lower tax rate): Delaware
- Tax‑rate difference: 0.51 % (Delaware’s rate is 49.17 % lower than Minnesota’s).
- Annual tax difference for a $250k home: $1,282 less in Delaware.
- Annual tax difference for a $500k home: $2,562 less in Delaware.
Why Delaware wins – The effective property‑tax rate of 0.53 % translates into lower absolute tax amounts across the common home price points ($250k and $500k). Even though Delaware’s median home value is slightly higher than Minnesota’s, the lower rate more than offsets the price difference, resulting in a lower median annual tax bill ($1,731 vs. $3,184).
For readers interested in the details of each state’s tax structure, see the dedicated pages: Delaware property tax and Minnesota property tax.
Who Might Benefit Most from This Comparison?
| Audience | Relevance of the Data |
|---|---|
| Current homeowners | Understanding how a change in residence could affect yearly tax obligations. |
| Prospective homebuyers | Evaluating total housing costs when comparing properties in the two states. |
| Retirees | Assessing affordability, especially if fixed incomes are tied to property‑tax levels. |
| Real‑estate investors | Calculating net operating income and cash‑flow scenarios based on differing tax rates. |
| Policy analysts | Comparing fiscal policy outcomes across states with similar median incomes but divergent tax structures. |
All groups can use the figures above to make data‑driven decisions about housing costs, budgeting, and long‑term financial planning.
Conclusion
Based on the most recent ACS estimates, Delaware imposes a substantially lower effective property‑tax rate than Minnesota, resulting in lower annual tax bills for typical home values. The difference is most pronounced for higher‑priced homes, where Delaware’s tax liability is roughly half of Minnesota’s. Stakeholders such as homeowners, retirees, and investors should consider these rates alongside other cost‑of‑living factors when evaluating the two states.
Explore More Comparisons
Discover how property taxes compare across all states in our comprehensive comparison guide.
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.