Kim Hamer

302-745-9914 info@bayfrontatrehoboth.com

Bayfront at Rehoboth 31560 Rachel Avenue Lewes, Delaware 19958

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Why Live In Delware?

• Lower Delaware - Sussex County offers a relaxing, coastal resort lifestyle, with many beautiful beaches, state parks, great restaurants, and tax free shopping.

• Kiplinger's PERSONAL FINANCE Magazine, “Guide to Taxes on Retirees, 2009–2010”, and “2009 Best List, Retirement Resources”, stated Delaware is “Best State to Live in When You Retire”. Low taxes make Delaware “first” and the “First State is first-rate for tax-friendly treatment for retirees”. Real property taxes are among the lowest in the country.

• Delaware is one of only five states with NO State sales tax.

• Delaware is one of only 27 states that do not tax Social Security income.

• Up to $12,500 of investment and qualified pension income, including out of state government pensions are exempt from Delaware state income taxes for people aged 60 and over.

• Delaware has no personal property or real property taxes (no state-level tax imposed). Delaware is one of only 13 states that impose no state-wide property tax levy.

• Delaware has some of the lowest property tax burdens in the nation. Homeowners enjoy a non-recurring assessment of home values. Real property taxes in Sussex County have remained fixed for more than two decades - homeowners taxed on approximately 50% of their property’s current market value based on a 1974 assessment!

• Homes’ affordability is one reason Delaware is ranked #2 in homeownership rate - 76.5% of residents own their own homes. National average is 67.4%, only one state had a higher homeownership rate – West Virginia at 78.7%. (Source: U.S. Census, 2nd Quarter 2009)

• Delaware tax payers are allowed $110 in tax credits times the number of personal exemptions allowed for Federal purposes plus those allowed to persons age 60 and over.

• TopRetirements.com, February 2010, named Rehoboth Beach, Delaware, as one of the “100 Best Places To Retire”. Asheville, NC, was ranked number 1; Rehoboth Beach was ranked number 37. Also, TopRetirements.com rates Delaware as one of the top five states with the lowest tax burdens, along with Alabama, Alaska, New Hampshire, and Tennessee.

• CBSMoneyWatch.com, June 7, 2010, stated HomeAway®, Inc., (most trusted vacation rental website), named Rehoboth Beach, Delaware, as one of the best five “Best Vacation Home Locations”, based on location-easy to get to, rentability, high year-round rental demand, supply/demand in balance, and homes’ affordability.

• Bond Agencies Praise Delaware’s Responsible Management of Taxpayer Dollars. In 2010, Delaware is one of only a few states receiving a triple-A rating for the state’s bonds, from three of the major bond rating agencies (i.e., Moody’s Investors Service; Standard and Poor’s; and Fitch Ratings). Since 2000, Delaware has earned triple-A ratings, the highest-quality rating awarded by the nationally recognized rating services. Ratings reflect how Delaware has taken a fiscally responsible approach to managing state government and, having the lowest assessment of repayment risk, allow Delaware to borrow money at the lowest possible interest rate, thus ultimately saving Delaware tax payers money. Bonds are in great demand and are tax-exempt for federal and Delaware income purposes. With so many other states in the country in such dire shape, these ratings show the importance of Delaware’s tradition of working together to govern responsibly.

• U.S. News and World Report, “America’s Best Colleges 2010”, ranked the University of Delaware as one of the nation’s top 100 colleges, ranking UDel 68th. General facts: founded 1743; enrollment around 20,000; tuition $8,540 in-state, $22,240 out-of-state; room and board $9,308; endowment over $1 billion dollars.

• America's Best and Top Ten designated Delaware’s Rehoboth Beach board walk, reconstructed in 2010, as one of the Nation’s top 5 Best Beach Boardwalks in the United States.