Delaware vs Wyoming
Property Tax Comparison: Delaware vs. Wyoming
Summary
Both Delaware and Wyoming have relatively low effective property‑tax rates compared with the national average. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Delaware’s effective property‑tax rate is slightly lower than Wyoming’s, which results in modestly lower annual taxes for comparable home values.
Side‑by‑Side Metrics
| Metric | Delaware | Wyoming |
|---|---|---|
| Effective property‑tax rate | 0.53 % | 0.58 % |
| Median home value | $326,800 | $285,100 |
| Median annual property tax | $1,731 | $1,659 |
| Tax on a $250,000 home | $1,324 | $1,455 |
| Tax on a $500,000 home | $2,649 | $2,909 |
| Median household income | $82,855 | $74,815 |
Source: According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which State Has the Lower Property‑Tax Burden?
- Winner (lower rate): Delaware
- Rate difference: 0.05 percentage points, which is an 8.97 % relative difference (0.58 % – 0.53 %).
- Annual tax difference on a $250,000 home: $131 less in Delaware.
- Annual tax difference on a $500,000 home: $260 less in Delaware.
Because Delaware’s effective property‑tax rate of 0.53 % is lower than Wyoming’s 0.58 %, the state imposes a smaller tax burden on the same property value. The difference is reflected in the calculated tax amounts for $250 k and $500 k homes.
Who Might Benefit Most from This Comparison?
| Audience | Relevance of the Comparison |
|---|---|
| Current homeowners | Understanding how a potential move could affect their property‑tax expense. |
| Prospective homebuyers | Evaluating total housing costs when comparing listings in the two states. |
| Retirees | Assessing affordability, especially since property taxes can be a significant portion of fixed‑income budgets. |
| Investors | Estimating operating expenses for rental properties or vacation homes. |
| Policy analysts | Using the data as a reference point for state‑level tax policy studies. |
The comparison is most useful for individuals or entities for whom the annual property‑tax amount directly influences budgeting decisions. For example, a retiree with a fixed income may prefer the slightly lower tax liability in Delaware, while an investor might weigh the tax difference against other factors such as market appreciation potential or state‑level business incentives.
Further Reading
- Detailed information on Delaware’s property‑tax structure: Delaware property tax
- Detailed information on Wyoming’s property‑tax structure: Wyoming property tax
Based on the most recent ACS estimates, Delaware’s effective property‑tax rate is marginally lower than Wyoming’s, resulting in modest annual savings 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.