There’s so much to love when you live in Delaware, especially at Wharton’s Bluff. With stunning water views of the Indian River, coastal community features, and beautiful, newly built townhomes, owning a home at Wharton’s Bluff is the best of Delaware living. But there’s more to our state than the ideal location and carefree atmosphere – although, those are both amazing perks!
Residents of Delaware enjoy some of the most beneficial tax laws in the country. In fact, Sussex County, home to Wharton’s Bluff, is the second best county for property taxes in the entire nation. Our county has one of the lowest ratios of home value to median annual property tax. Not many can boast they live in one of the best counties for taxes and in a rare water view townhome!
The tax laws lean even more in favor of residents 60 and older: up to $12,500 of retirement income is tax exempt. And if you’re 65 and older? Residents could get a credit of up to $500, or equal to half of the school property tax. Additionally, there’s no state income tax applied to social security income. For these reasons, Kiplinger recently named Delaware one of the “Most Tax-Friendly States for Retirees.”
Aside from the property taxes and retirement benefits, residents can enjoy tax-free shopping, no taxes on inheritance, and no personal property taxes. With all of your tax savings, you can enjoy even more time with kids and grandkids at Wharton’s Bluff!
The townhomes at Wharton’s Bluff are truly one-of-a-kind. How often do you find an upscale townhome with views of serene marshes or rivers? Not often! Pair this uniqueness with charming community features, like a picnic area and crabbing pier, and you have the ideal place to retire or invest in a second home.
Take a look at the floor plans on our website – with all of the variety and customizations available, you’ll be sure to find your dream home. But hurry, supplies for these incredible townhomes at Wharton’s Bluff are limited!
Source: Why Love Delaware?