Delaware Homestead Exemption Savings Calculator

Estimate how much the Delaware homestead exemption could save you each year. The example numbers are placeholders; enter your own from your assessment notice or tax bill.

Across Delaware, Census ACS 2020-2024 counts 293,383 owner-occupied homes (73.0% ownership). Use the calculator with figures from your assessment notice; the exemption math comes from the official source cited below.

The calculator models Delaware’s Senior School Property Tax Credit. Official benefit summary: A credit of up to 50% of school property tax, capped at $500. Filing path from the source: Submit the application to your county by April 30 for the upcoming tax year.

Population and housing figures: U.S. Census Bureau, ACS 2020-2024 5-year (state FIPS 10). Exemption figures checked against the official page on 2026-11-04.

Who qualifies: Homeowners 65 or older.

How the exemption works

Homeowners 65 or over can get a credit against regular school property taxes of 50 percent (up to $500).
It applies only to a primary residence.

Assumptions

Savings = the smaller of 50% of your regular school tax or $500.

Source: Delaware Department of Finance. Figures checked against the official page on 2026-11-04.

How much does the Delaware homestead exemption save?

Multiply the exemption by your local tax rate. Savings = the smaller of 50% of your regular school tax or $500.

Is this calculator official?

No. It is an estimate based on figures from the official state source cited on this page.