Delaware vs Ohio
Property‑Tax Comparison: Delaware vs. Ohio
Intro
According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Delaware and Ohio differ markedly in how much homeowners pay in property taxes. Delaware’s effective property‑tax rate of 0.53 % is less than half of Ohio’s 1.36 %, resulting in lower annual tax bills for comparable home values. The data below summarize the key metrics used in this comparison.
Side‑by‑Side Metrics
| Metric (2023 ACS) | Delaware | Ohio |
|---|---|---|
| Effective property‑tax rate | 0.53 % | 1.36 % |
| Median home value | $326,800 | $199,200 |
| Median annual property tax | $1,731 | $2,712 |
| Property tax on a $250,000 home | $1,324 | $3,404 |
| Property tax on a $500,000 home | $2,649 | $6,807 |
| Median household income | $82,855 | $69,680 |
Sources: According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which State “Wins” on Property Tax?
- Winner (lower tax burden): Delaware
- Reason: Delaware’s effective property‑tax rate of 0.53 % is 0.83 percentage points lower than Ohio’s 1.36 %. This represents a 61.09 % lower rate.
- Resulting tax differences:
- On a $250,000 home, Delaware owners pay $2,080 less per year ($1,324 vs. $3,404).
- On a $500,000 home, the annual savings rise to $4,158 ($2,649 vs. $6,807).
Based on the most recent ACS estimates, Delaware consistently imposes a lower property‑tax burden across the home‑value spectrum.
Who Might Benefit Most from This Comparison?
| Audience | Why the Data Matter |
|---|---|
| Current or prospective homeowners | Property‑tax costs directly affect monthly housing expenses and long‑term affordability. |
| Retirees | Fixed‑income households often prioritize lower recurring taxes; Delaware’s lower rate may preserve retirement income. |
| Real‑estate investors | Tax liabilities influence cash‑flow projections; a lower rate can improve net returns. |
| Relocating families | Combined with median household income, the tax burden helps gauge overall cost of living. |
The comparison is factual and does not endorse either state; it simply outlines the quantitative differences in property‑tax obligations.
Further Reading
- Detailed information on Delaware’s property‑tax system: Delaware property tax
- Detailed information on Ohio’s property‑tax system: Ohio property tax
All figures are derived from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates) and reflect median values where applicable.
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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.