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  • Delaware Form 5401

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T value or construction was greater than $10,000 must complete this form. If the applicant was exempt from the realty transfer tax at the time of application for a building permit, and the reason for this exemption has not changed, then you may answer a YES and sign below if you attach a copy of your previous exemption. YES NO If you are not sure of an exemption and/or can not readily obtain your copy of the previous exemption form, please complete the questions below. Please be advised th.

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If the property is located in an area that does not impose a local transfer tax, the state realty transfer tax rate is now 3%. Realty transfer taxes are typically shared equally by the buyer and the seller.

First-time buyers in Delaware typically qualify for state-level exemptions. For example, Delaware first-time buyers automatically qualify for a state transfer tax exemption on a purchase price up to $400,000. First-time buyers purchasing property worth more than $400,000 will pay 1.25% of the amount above $400,000.

There are no state level property taxes in Delaware; only real property is subject to taxation. With certain exceptions, tax rates are the same for all types of property including residential, industrial and commercial.

The transfer tax is commonly split evenly between the buyer and the seller so buyer pays 2% and the seller pays 2%. First time home buyers have been exempt from the county portion of 0.75% as long as the property is not located inside a municipality such as the town of Middletown.

The State of Delaware assesses the tax at the rate of 2% on the amount of the construction contract after deducting a $10,000 exclusion.

If the property is located in an area that does not impose a local transfer tax, the state realty transfer tax rate is now 3%. Realty transfer taxes are typically shared equally by the buyer and the seller.

Delaware has one of the most expensive transfer tax rates in the country. The state levies a 4% tax rate on any property sold, which is evenly split between the buyer and the seller. This means the sale of a $500,000 house will come with a $20,000 tax bill, of which $10,000 will need to be paid by the seller.

There are no state or local sales taxes in Delaware and as such, sales tax exemption certificates and reseller certificates are not applicable to Delaware. Delaware imposes license and gross receipt taxes on the sale of most goods and services.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232