Delaware Property Transfer Tax Exemption - (Kent and Sussex Counties)
ATTENTION: Delaware First Time Home Buyers
Many Delaware municipalities and counties have enacted the 1½ percent tax, so generally the Delaware property 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, if you are a first time home buyer (FTHB) - have never previously owned property anywhere, you may qualify for an exemption of .75% of Kent or Sussex County transfer fee and recording fee for the deed and mortgage, which normally is 1.5% of the purchase price.
"First-time home buyer" means a natural person who, individually or as a co-tenant, has at no time held any interest in residential real estate, wherever located and which has been occupied as their principal residence, and who intends to occupy the property being conveyed as his or her principal residence within 90 days following recordation.
City of Dover
- Transfer Tax
- First Time Home Owner Tax Incentive Brochure
- First Time Home Owner Form
- Realty Transfer Tax Ordinance
- Kent County Recorder of Deeds
- Deeds Office: 302.744.2314; Assessments Office: 302.744.2401
- Sussex County Recorder Deeds
- Recorder of Deeds: 302.855.7785
Information in this post is deemed reliable but not guaranteed. This post is for informational purposes only and is not a substitute for legal, tax or other professional assistance.
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