Starting January 1, 2027, people recording covered Delaware property documents would face a 2¾% state tax, or 2¼% where the full local tax applies.
Starting January 1, 2027, covered property documents would face a 2¾% state transfer tax. The rate would be 2¼% where the full local transfer tax applies.
Delaware would charge a state transfer tax of 2¾% of the property's value. The rates apply to the covered Delaware property documents addressed by the bill's two tax rules. Where a county or town charges the full 1½% local transfer tax, the state rate would be 2¼%. These rates would take effect on January 1, 2027.
No hearings or votes scheduled.