AN TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO THE REALTY TRANSFER TAX.

Summary

The bill reduces the percentage of the realty transfer tax that must be paid on property transactions. It cuts the standard rate from 2.75% to 2.25% and the rate in jurisdictions with a local 1.5% tax from 2.5% to 2.25%, effective January 1, 2027. The change applies to anyone who files a deed or other transfer document for recording.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share