Bank and Tax Info

We Finance Through Major Banks

Cool Branch will help you choose the right financing options and walk you through the entire process with ease.

Tax Info

Delaware Is Sales Tax-Free

There is no sales tax on purchases made within the State of Delaware!

Sussex County, Delaware is known for its tax-free shopping. Enjoy the Rehoboth Outlets, featuring more than 130 brand name factory outlet stores in a 2-mile stretch.

There are no taxes on professional services or restaurant, grocery, or department store purchases.

Personal Income Tax

There are no annual personal property taxes on vehicles in the State of Delaware. For information regarding personal income tax, contact the Delaware Division of Revenue.

Retirement Income Taxes

Social Security and Railroad Retirement benefits are exempt. Taxpayers 60 years of age and older can exclude $12,500 of investment and qualified pension income. They may qualify for an additional tax credit of $110. For more information on tax rates and exemptions, visit the Delaware Division of Revenue.

Sussex County Property Taxes

Sussex County, DE assesses each home based on the size and amenities. Tax assessments on homes in The Village of Cool Branch average $400-$600 per year.

All real property in the state is subject to tax unless notably exempt. Personal property, tangible property, and intangible property are exempt. Real estate is subject to county, school district, vocational school district, and municipal property taxes. The state offers various property tax relief programs for residents 65 years of age and older, as well as residents with disabilities. Homeowners 65 years of age and older can get a credit equal to half of the school property taxes, up to $500. For additional property tax rates and information, visit the Delaware Division of Revenue.