City of New Castle’s New First-Time Home Buyer (FTHB) Transfer-Tax Exemption for its Downtown Development District
The City of New Castle has created a first-time home buyer (FTHB) transfer tax exemption program limited to residential properties within its specifically designated Downtown Development District (DDD). If the property is within the DDD of the City of New Castle, the standards to qualify mirror the State of Delaware’s own FTHB standards . You […]
Presentation on Enhancements to New Castle County Parcel View for Delaware Settlement Attorneys
Attention Delaware Settlement Attorney Friends: Paula Marsilii of New Castle County is going to give us a presentation on the enhancements to the New Castle County’s Parcel View website at 3:30pm on 11/14/2018 and our monthly Section meeting will follow at 4:00pm. For settlement attorneys, Ms. Marsilii is the official that our offices interact with […]
Delaware’s First-Time Homebuyer Transfer-tax discount/credit
On 8/28/2018, Delaware officially adopted a statewide first-time homebuyer transfer-tax discount/credit that is retroactive back to settlements that occurred on or after 8/1/2017 —where the buyer paid the increased transfer tax—that took effect in August 2017. It’s important to realize that this discount applies to all residential homes in the entire state—including municipalities like Town […]