Delaware vs New York
Property Tax Comparison: Delaware vs. New York
Introduction
Both Delaware and New York levy property taxes that fund local services such as schools, public safety, and infrastructure. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Delaware’s effective property tax rate is considerably lower than New York’s. The following sections present the key metrics side by side, identify which state has the lower rate, and outline the types of taxpayers for whom the comparison is most relevant.
Side‑by‑Side Comparison
| Metric (2023 ACS) | Delaware | New York |
|---|---|---|
| Effective property tax rate | 0.53 % | 1.60 % |
| Median home value | $326,800 | $403,000 |
| Median annual property tax | $1,731 | $6,450 |
| Property tax on a $250,000 home | $1,324 | $4,001 |
| Property tax on a $500,000 home | $2,649 | $8,003 |
| Median household income | $82,855 | $84,578 |
All figures are drawn from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).
Which State Has the Lower Property Tax Burden?
- Winner (lower tax rate): Delaware
- Rate difference: 1.07 percentage points, representing a 66.9 % lower effective rate than New York.
- Annual tax difference:
- On a $250,000 home: $4,001 (NY) – $1,324 (DE) = $2,677 lower in Delaware.
- On a $500,000 home: $8,003 (NY) – $2,649 (DE) = $5,354 lower in Delaware.
Why Delaware wins
The lower effective property tax rate (0.53 % vs. 1.60 %) directly reduces the amount owed on homes of any value. Consequently, both median‑value homes and higher‑priced properties generate substantially lower annual taxes in Delaware.
Who Might Find This Comparison Most Useful?
| Potential taxpayer | Relevance of the comparison |
|---|---|
| Current or prospective homeowners | Determines the ongoing cost of owning a home in each state. |
| Retirees on fixed incomes | Lower property taxes can lessen overall living expenses, making Delaware more attractive from a tax‑cost standpoint. |
| Real‑estate investors | Helps assess the tax component of total ownership costs when evaluating properties across state lines. |
| Policy analysts | Provides a concise data point for broader analyses of state fiscal policy. |
The comparison is factual and does not account for other tax categories (income, sales, estate) or non‑tax factors such as climate, proximity to employment centers, or local services. Users should consider those variables alongside the property‑tax data when making decisions.
References
- According to U.S. Census Bureau data, the 2023 American Community Survey (5‑year estimates) provides the effective property tax rates, median home values, and median household incomes cited above.
- For more detailed state‑specific information, see the internal pages on Delaware property tax and New York property tax.
All numbers are presented as reported in the ACS; rounding may affect minor decimal differences.
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.