Real Estate Taxes
** A 4 Bedroom/3.5 Bath Single Family Waterfront Home in a Golf Course Community in Rehoboth Beach recently sold for $1,150,000 and has "Annual" Real Estate Taxes of $2,792.
** A 3 Bedroom/2 Bath Single Family Home in Milton recently Sold for $354,400 and has "Annual" Real Estate Taxes of $743.
TThe Formula for calculation of Real Estate Taxes in Sussex County is varied and complicated. For example, in Rehoboth Beach taxes are 50% of the 1968 assessment; in Lewes taxes are 50% of the 2000 assessment; and Millsboro taxes are 100% of the 1993 assessment. And keep in mind that properties are not re-assessed when they sell or transfer to new owners.
So just a few hours drive from Washington, D.C., Philadelphia, Baltimore, Southern New Jersey and even Manhattan – The Beautiful Coastal Area of Delaware has so much to offer and yet keeps you so close to friends and family.
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