Alaska vs Colorado
Property‑Tax Comparison: Alaska vs. Colorado
Intro
Both Alaska and Colorado levy property taxes that fund local services such as schools, roads, and public safety. According to the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates), Colorado’s effective property‑tax rate is considerably lower than Alaska’s, even though Colorado’s median home value is higher. The following table and analysis summarize the key metrics for each state.
Side‑by‑Side Metrics
| Metric | Alaska | Colorado |
|---|---|---|
| Effective property‑tax rate | 1.14 % | 0.49 % |
| Median home value | $333,300 | $502,200 |
| Median annual property tax | $3,785 | $2,448 |
| Tax on a $250,000 home | $2,839 | $1,219 |
| Tax on a $500,000 home | $5,678 | $2,438 |
| Median household income | $89,336 | $92,470 |
| Reference | Alaska property tax | Colorado property tax |
Who Wins on Property Tax?
- Lower rate: Colorado, with an effective rate of 0.49 % versus Alaska’s 1.14 %.
- Rate difference: 0.65 percentage points, representing a 57.07 % lower rate in Colorado.
- Annual tax difference on a $250k home: $1,620 less in Colorado.
- Annual tax difference on a $500k home: $3,240 less in Colorado.
Based on the lower effective property‑tax rate, Colorado “wins” the comparison. The lower rate translates directly into lower annual tax bills for comparable home values.
Who Might Benefit From This Comparison?
| Audience | Relevance of the Data |
|---|---|
| Current or prospective homeowners | Understanding how property‑tax rates affect monthly housing costs. |
| Retirees | Property‑tax burden is a key factor in budgeting fixed‑income retirement expenses. |
| Real‑estate investors | Tax rates influence net return calculations for rental or resale properties. |
| Relocators comparing cost of living | Property tax is a major component of overall cost‑of‑living assessments. |
The information is purely descriptive; it does not constitute tax advice. Individuals should consult state tax authorities or a tax professional for personalized guidance.
Sources
- Data source: According to the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).
- State‑specific pages: Alaska property tax and Colorado property tax.
Explore More Comparisons
Discover how property taxes compare across all states in our comprehensive comparison guide.
Data Source
All figures are drawn from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates). This comprehensive dataset provides reliable, standardized property tax information across all states.