Transfer Tax

The State of Delaware Realty Transfer Tax Return Form 5402 must be filled out for all properties.

The State of Delaware has increased the Realty Transfer Tax rate by 1% effective August 1, 2017.  The form 5402 has been updated to reflect this increase.  Line 7 of the form allows for a reduction of 1% for contracts executed prior to 8/1/17.  To claim the reduction you MUST attach a copy of the Contract of Sale or an Affidavit.  A sample of an Affidavit that may be used in place of the contract is provided here.

The New Castle County Realty Tax Affidavit must be filled out for all properties in New Castle County including parcels starting with 06 through 15. The exemption form must be completed when applicable. Any person claiming an exemption from the City of Wilmington Realty Transfer Tax must complete the Wilmington Realty Transfer Tax Exemption Affidavit.

Please watch the Transfer Tax Information video for information on forms needed for state, county, and municipality requirements.