Potential Legislation to Benefit Certain People in Delaware Who Pay Realty Transfer Tax Bill
February 9, 2023/
Delaware has the highest real estate transfer tax in the nation at 4%. If you sell or buy a house for $250,000, the tax bill on that alone is $10,000. One bill that Delaware State Representative Bryan Shupe is sponsoring would target people in Delaware who need help–and tells WGMD’s Mike Bradley about who specifically would benefit….
He says the bill wouldn’t give the same benefit to people who are moving from other states who already have the advantage of lower property taxes, no sales tax, and lower cost of living. Rather, the bill is aimed at those who are living in and plan to stay in Delaware who are trying to make ends meet and make a life change.
