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Any person engaged in business as a contractor, including real estate development contractors, must obtain a license and pay a fee of $75. ( Sec. 2502(a), Tit. 30, Code ) In addition to the license fee, contractors pay a fee on the aggregate gross receipts at the rate 0.6472%.

Overview of Delaware Taxes Delaware boasts the seventh lowest property tax rate of any state in the U.S. The average effective property tax rate is just 0.53%. That means that, on average, a home in the state of Delaware with a market value of $200,000 would have taxes of about $1,600 annually. Not in Delaware?

A contractor is required to obtain a business license ($75) which must be renewed annually on or before December 31st of each year. Additionally, every contractor must pay a gross receipts tax at the rate of . 6537% (. 006537) times the taxable gross receipts received from construction services.

How much are transfer taxes in Delaware - and who pays? Transfer taxes in Delaware are 4% of the purchase price of the property, with 2.5% going to the state and 1.5% going to the county. Common practice is for the buyer and seller to split the transfer tax costs evenly, with both the buyer and seller paying 2%.

Any contractors conducting business activity in Delaware are required to register with and obtain a business license from the Delaware Division of Revenue.

A check must be made payable to the Delaware Division of Revenue. Please attach and send your check for the licensing fee with your application. $75 annual licensing fee for both contractors and subcontractors (may be prorated the first year).