Tax Structure
Delaware keeps a competitive business advantage by keeping tax rates low, compared to surrounding areas.
Sales Tax
Delaware does not charge sales tax at the state or local levels.
Local Property Tax Rates:
No state property tax levied. Property taxes in Delaware are set and administered by County and school district. The average portion of County property taxes for a single family residence is $503.
State Corporate Income Tax: 8.7%
Individual Income Tax
Tax rates on personal income in Delaware range from 2.2% to 5.5% for incomes under $60,000, and are set at 6.95% for incomes over $60,000.
|
DE Taxable Income |
Tax Liability |
|
$0-$2,000 |
$0.00% of income |
|
$2,000-$5,000 |
$0.00+2.20% of income >$2,000 |
|
$5,000-$10,000 |
$66.00 + 3.90% of income >$5,000 |
|
$10,000-$20,000 |
$261.00 + 4.80% of income >$10,000 |
|
$20,000-$25,000 |
$741.00 + 5.20% of income >$20,000 |
|
$25,000-$60,000 |
$1,001.00+5.55% of income >$25,000 |
|
$60,000 and over |
$2,943.50+6.95% of income >$60,000 |
No personal property tax on state or local level.
STATE CORPORATE INCOME TAX: 8.7%
|
STATE GROSS RECEIPTS TAX:
(Credits available for specific targeted industries and/or targeted census tracts within Delaware) |
|
|
 Manufacturing - 0.144% |
First $1 million in receipts per month not taxable |
Auto Manufacturers - 0.135% |
First $1 million in receipts per month not taxable |
Wholesalers - 0.307% (within Delaware) |
First $80,000 per month not taxable |
Retailers - 0.576% |
First $50,000 per month not taxable |
Restaurants - 0.499% |
First $80,000 per month not taxable |
Food Processors - 0.154% |
First $80,000 per month not taxable |
Farm Mach. Retailers & Comm. Feed Dealers - 0.077% |
First $80,000 per month not taxable |
Grocery Supermarket Retailers - 0.307% |
First $2 million per month not taxable |