Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Delaware Property Transfer Tax Exemption – Qualified AREAS (New Castle County)
Delaware Property Transfer Tax Exemption - Qualified AREAS (New Castle County)
ATTENTION: Delaware First Time Home Buyers

 
Many Delaware municipalities and counties have enacted the 1½ percent tax, so generally the Delaware transfer tax is a total of 3% (1½ percent to the State and 1½ percent to the county or municipality). This amount is split between the buyer and seller of real estate, unless the parties agree otherwise.
The State offers NO Property Transfer Tax Exemption; however, the New Castle County has an exemption - .75% of county transfer tax fee - for first time home buyers (FTHB).
In the City of Wilmington, you are a first time buyer eligible for the Property Transfer Tax Exemption if you have not purchased a residence in the City in the last three years. In unincorporated New Castle County, you can never have owned residential property anywhere (including other states or foreign countries) to qualify for the exemption.



AREAS THAT QUALIFY FOR FTHB EXEMPTION:
26 - City of Wilmington* (2-Digit Number Represent 1st two positions on parcel number) UNINCORPORATED, New Castle County



AREAS THAT DO NOT QUALIFY FOR FTHB EXEMPTION:
INCORPORATED, New Castle County (2-Digit ... more

__________________________________________________
Are you on The Rain? Grow Your Network!