Delaware vs Mississippi
Property Tax Comparison: Delaware vs. Mississippi
Intro
Both Delaware and Mississippi levy property taxes that fund local services such as schools, police, and road maintenance. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Delaware’s effective property‑tax rate is lower than Mississippi’s, even though the two states differ markedly in median home values and household incomes.
Side‑by‑Side Metrics
| Metric (2023 ACS) | Delaware | Mississippi |
|---|---|---|
| Effective property‑tax rate | 0.53 % | 0.74 % |
| Median home value | $326,800 | $161,400 |
| Median annual property tax | $1,731 | $1,189 |
| Tax on a $250,000 home | $1,324 | $1,842 |
| Tax on a $500,000 home | $2,649 | $3,684 |
| Median household income | $82,855 | $54,915 |
| Reference | Delaware property tax | Mississippi property tax |
All figures are drawn from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).
Which State “Wins” on Property Tax?
Winner (lower tax rate): Delaware
- Rate difference: 0.21 percentage points, which is a 28.10 % lower effective tax rate than Mississippi’s.
- Annual tax difference on a $250,000 home: $518 less in Delaware.
- Annual tax difference on a $500,000 home: $1,035 less in Delaware.
Based on the lower effective property‑tax rate, Delaware imposes a smaller tax burden relative to home value than Mississippi.
Who Might Benefit Most from This Comparison?
| Audience | Relevance of Findings |
|---|---|
| Current or prospective homeowners | The lower effective rate in Delaware means that, for a given home price, the property‑tax bill will generally be lower than in Mississippi. |
| Retirees on fixed incomes | While Delaware’s tax rate is lower, its median home values are higher. Retirees must weigh the lower tax rate against the higher purchase price. |
| Real‑estate investors | Investors focused on cash‑flow may find Delaware’s lower tax rate advantageous, especially for higher‑priced properties. |
| Policy analysts | The data illustrate how tax rates and home‑value levels interact to produce different median tax payments across states. |
All observations are based on the most recent ACS estimates and do not account for state‑specific exemptions, assessment practices, or local variations within each state.
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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.