Delaware Property Transfer Tax Exemption – Qualified AREAS (New Castle County)

Delaware Property Transfer Tax Exemptions exist in qualified areas of New Castle County for Delaware First Time Home Buyers.  Many Delaware municipalities and counties have enacted the 1½ percent transfer tax on the purchase price, so generally the Delaware transfer tax is a total of 3% of the purchase price(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 in the sales contract.  If you have questions on transfer taxes or would like to apply for a mortgage call 302-703-0727 or APPLY ONLINE Keep Reading...