Realty transfer tax

Delaware’s realty transfer tax to remain highest in nation

Charles Megginson Headlines, Government

Delaware will remain the state with the highest realty transfer tax in the nation after a bill to decrease the tax died in the General Assembly.  Introduced by Rep. Bill Bush, D-Dover, House Bill 358 would have cut the tax from 4% of a property’s sale price to 3% — the level it was at prior to 2017 when the …

Realty transfer tax

Bill to lower realty transfer tax sails through House committee

Charles Megginson Business, Headlines

A bill to decrease Delaware’s realty transfer tax from 4% to 3% was released from the House Administration Committee Wednesday. Introduced by Rep. Bill Bush, D-Dover, House Bill 358 would make law of something Rep. Mike Ramone, R-Pike Creek South, has been preaching for years: reducing the cost of Delaware’s real estate transfer tax after it was increased during financially …