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TAX RATES
No sales tax on state or local level.
Local Property Tax Rates:
No state property tax levied. Property taxes in Delaware
are set and administered on a local level by school district.
The average is $502 per year, or 70.18 cents per $100 of
assessed value (based on 1983 assessment).
The following are average rates per $100 of assessed
value by school district (incorporated and unincorporated
areas):
|
School District |
Incorporated
Area |
Unincorporated
Area |
|
Appoquinimink |
$2.173 |
$2.23 |
|
Brandywine |
$3.52 |
$2.49 |
|
Christina |
$2.40 |
$2.24 |
|
Colonial |
$2.93 |
$2.14 |
|
Red Clay |
$2.91 |
$2.34 |
|
Smyrna |
--- |
$1.86 |
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
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.
Delaware State/Local Tax Burden
Compared to U.S. Average (2000-2006)
| Delaware |
U.S. Average |
| Year |
State-Local |
State Rank |
Average State-Local |
| 2001 |
8.4% |
42 |
9.5% |
| 2002 |
8.5% |
41 |
9.5% |
| 2003 |
9.0% |
36 |
9.7% |
| 2004 |
9.4% |
30 |
9.8% |
| 2005 |
9.5% |
29 |
9.8% |
| 2006 |
9.9% |
22 |
9.9% |
| 2007 |
9.7% |
24 |
9.9% |
| 2008 |
9.7% |
24 |
9.7% |
|
UTILITIES
Electricity: Service is provided by Delmarva Power. In
addition, some individual municipalities provide electric
service for residents and companies located within their
jurisdiction.
Natural Gas: Gas service providers are Delmarva
Power (serves New Castle County north of the
Chesapeake and Delaware Canal) and Chesapeake
Utilities Corporation. (serves the area south of the
Chesapeake and Delaware Canal).
Water/Wastewater: The State has adequate surface
water and ground water to meet the projected demand for
fresh water. The northern portion of the State uses a
combination of ground and surface supplies to satisfy
public water demands. Ground water is used exclusively
south of the Chesapeake and Delaware Canal for drinking
water supply.
Sewer service is generally available in the incorporated
areas of the state. This service is provided on the local
level, either individual municipalities or on the county
level.
Telecommunications: Local telephone service in
Delaware is provided by Verizon-Delaware, Inc., a
subsidiary of Verizon Corporation. Verizon also offers
FiOS internet and television service.
EDUCATION
Public School Districts: 6 (98 schools)
Charter Schools: 13
Total Enrollment/Fall 2008 - 70,826
High School graduate or higher - 87.8%
Bachelor's Degree or higher - 31.2%
Newsweek magazine's ranking of the Nation's 1,500 best public high schools includes six from New Castle County - The Charter School of Wilmington tops the First State's contingent with a rank of 174. The others were Alexis I. du Pont, Cab Calloway School of the Arts, Brandywine, Concord, and Mount Pleasant.
Colleges and Universities:
Delaware College of Art and Design
Delaware Technical and Community College
Drexel University - Wilmington
Goldey-Beacom College
University of Delaware
Widener University (Delaware Campus)
Wilmington College |