Delaware vs Nevada
Property Tax Comparison: Delaware vs. Nevada
According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), both Delaware and Nevada have property‑tax rates that are below the national average. Nevada’s effective property‑tax rate is slightly lower than Delaware’s, which results in modestly lower annual taxes for comparable home values.
Side‑by‑Side Metrics
| Metric | Delaware | Nevada |
|---|---|---|
| Effective property‑tax rate | 0.53 % | 0.49 % |
| Median home value | $326,800 | $406,100 |
| Median annual property tax | $1,731 | $1,970 |
| Tax on a $250,000 home | $1,324 | $1,213 |
| Tax on a $500,000 home | $2,649 | $2,425 |
| Median household income | $82,855 | $75,561 |
All figures are from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which State Has the Lower Property Tax Burden?
- Winner (lower rate): Nevada
- Rate difference: 0.04 % (Nevada’s rate is 8.42 % lower than Delaware’s).
- Annual tax difference on a $250k home: $111 less in Nevada.
- Annual tax difference on a $500k home: $224 less in Nevada.
The lower effective tax rate in Nevada translates directly into smaller yearly tax payments for identical property values. For example, a homeowner with a $250,000 residence would pay $1,213 in Nevada versus $1,324 in Delaware, a difference of $111 per year.
Who Might Benefit Most from This Comparison?
| Audience | Relevance of the Comparison |
|---|---|
| Current or prospective homeowners | Understanding the tax component of housing costs helps in budgeting and choosing a location. |
| Retirees | Property taxes can affect fixed‑income budgets; a lower rate may be advantageous. |
| Real‑estate investors | Tax rates influence cash‑flow calculations and return on investment. |
| Policy analysts | The data illustrate how state‑level tax policies differ despite similar median incomes. |
The comparison is most useful for individuals or entities that factor property‑tax expenses into their overall cost‑of‑living or investment analyses.
References
- Data source: U.S. Census Bureau, 2023 American Community Survey (5‑year estimates).
- For detailed state‑specific information, see the internal pages: Delaware property tax and Nevada property tax.
Based on the most recent ACS estimates, Nevada’s lower effective property‑tax rate makes it the lower‑tax option for comparable home values.
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.