Delaware Beach Real Estate Blog - Oceanviewrealestate

Ocean View will not experience a tax increase this year

Posted by Leslie Kopp on March 8th, 2024

Credit to: Susan Canfora, Coastal Point

Ocean View Town Council members said at their budget workshop on Tuesday this week that they were pleased taxes won’t increase this year, but Town Manager Carol Houck warned that there will likely be a hike next year. “I anticipate a 1-cent increase” through the 2029 fiscal year, “and I don’t foresee our ability to not increase the tax rate” in the 2026 fiscal year, Houck said at the Feb. 27 workshop on the Town’s 2025-fiscal-year budget.

“We have maintained the tax rate for the third year in a row, and getting to the current rate included a 3-cent reduction three years ago. We’re proud of that and all we have been able to accomplish,” she said.

The current property tax rate for the Town is $.2378 per $100…

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Firm Start to 2024 for Ocean View Real Estate

Posted by Leslie Kopp on March 6th, 2024

March has arrived and we are looking forward to longer light filled days ahead! The Ocean View area had a firm start to the year for real estate activity. While it is not the frenzy that we experienced in 2021 and 2022, to-date, sales are keeping pace with last year.

As the chart illustrates, through the first two months, 50 properties went under contract in Ocean View compared to 53 during the same time last year. Inventory remains at historical lows and
properties that are priced appropriately continue to sell quickly although the average days to contract is rising. The median sale price of properties settled in January and February was up 7% when
compared to the same months in 2023!

If you are considering buying or selling, please give us a…

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