WILMINGTON — The following is a breakdown of how taxes in the City of Wilmington are broken down, and where the city gets its revenues. Each Fiscal Year begins July 1 and ends June 30 of the following year.
Property Tax
- The highest revenue source for the City of Wilmington
- In Fiscal Year 2017 the property tax rate was $0.485 per $100 of valuation
- In Fiscal Year 2017 the city collected $66 million in property tax
Sales Tax
- Second highest revenue source for the city
- In Fiscal Year 2017 the city collected $23 million from sales tax
