Delaware’s known for lower property taxes which can reduce your mortgage payment. When buying a home, taxes are one of the expenses that can make a significant difference in your monthly payment. Do you know how much you might pay for property taxes in your state or local area? Knowing this information is one big […]
When deciding which state to live in and considering the taxes, be sure to carefully compare the same data because not all taxes are the same in all communities. Questions about taxes often come up when talking with people who live in other states. They have heard Delaware property taxes are low, but when searching online, they […]
How the reduction of itemized deductions may impact income tax and refunds for those living in the state of Delaware. Losing itemized tax deductions The full impact of recent changes to income tax deductions is starting to become apparent, even in Delaware where traditionally residents enjoy lower state taxes. I spoke to a friend the […]
Those with a 2nd home in Delaware may be affected by these Income Tax changes. Changes are coming in January 2019 that may affect you when you sell a 2nd home in Delaware but live in another state. Estimated Income Tax will be collected at settlement Let’s say you purchased a second home in Delaware but […]
Delaware being one of the most tax-friendly states is great news for retirees looking to make their home here! Going back to January 2009, when I wrote “Low Taxes not enough to move to Delaware”, followed in September 2011, by “Delaware – more than lower taxes”, I have always tried to provide information on Delaware […]
When it comes to your primary residence, there are certain requirements that must be met to avoid Capital Gains. Delaware real estate broker, Kathy Sperl-Bell of Active Adults Realty shares with you the truth about Capital Gains taxes and under what conditions you should expect to pay them when you sell your home. Will I […]
Delaware may lead the way in lower taxes compared to surrounding states in the Mid-Atlantic Region Low taxes may not be the only reason to relocate to Delaware, but they sure make it easier. Real estate broker Kathy Sperl-Bell of Active Adults Realty in Delaware answers a question from a newsletter reader, Lewis Grower. He […]
You may want to think twice before buying your car prior to moving unless you like paying more in taxes. Is it a good idea to buy a new car before you relocate to Delaware from another state? In this week’s Ask The Broker, Kathy explains why you may want to wait and explores some […]
Lower-Tax State Delaware Enables Citizens Laidback Lifestyles Away from Higher Tax Living A lot of newcomers to Sussex County, Delaware, are coming here from the high-tax states of New Jersey, New York and Connecticut. These area transplants are fleeing the hustle and bustle seeking a more relaxed way of living and experiences. These retirees aren’t […]
Learn four ways the January 1, 2018 Delaware tax changes may impact your federal and state taxes. First, let me state I am a Real Estate Broker, not a tax or financial expert. I do, however, want to bring to your attention certain tax changes that might affect you if you live in Delaware. The good […]
