Delaware would charge no state transfer tax on residential property up to $350,000

Delaware would charge no state transfer tax when covered residential property changes hands. This covers Delaware residential property transfers worth $350,000 or less. This rule would start January 1, 2027.

Delaware would set state transfer tax rates that step down each year. This covers residential property transfers worth more than $350,000 but less than $500,000. The rates would be 2.75%, 2.5%, 2.25%, and 2% in those years. Where a city or county has adopted the full 1.5% local transfer tax, the state rates would be 2.25%, 2%, 1.75%, and 1.5%. Certain transfer documents are excluded. The four sets of rates would start January 1 of 2027, 2028, 2029, and 2030, in that order.