Alaska vs Connecticut
Property Tax Comparison: Alaska vs. Connecticut
Intro
Both Alaska and Connecticut levy property taxes that fund local services such as schools, public safety, and infrastructure. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Alaska’s effective property‑tax rate is lower than Connecticut’s. The following sections present the key figures side‑by‑side, identify which state has the lower rate, and outline which types of residents may be more affected by the differences.
Side‑by‑Side Comparison of Key Metrics
| Metric | Alaska | Connecticut |
|---|---|---|
| Effective property‑tax rate | 1.14 % | 1.92 % |
| Median home value | $333,300 | $343,200 |
| Median annual property tax | $3,785 | $6,575 |
| Property tax on a $250,000 home | $2,839 | $4,789 |
| Property tax on a $500,000 home | $5,678 | $9,579 |
| Median household income | $89,336 | $93,760 |
Sources: According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Who Wins on Property Taxes?
- Winning state (lower rate): Alaska
- Rate difference: 0.78 percentage points, which is a 40.72 % lower effective rate compared with Connecticut.
- Annual tax difference on a $250,000 home: $1,950 lower in Alaska.
- Annual tax difference on a $500,000 home: $3,901 lower in Alaska.
The lower effective tax rate in Alaska translates directly into smaller annual tax bills for comparable property values. The calculations above are based on the median home values and the effective tax rates reported by the ACS.
Which Audiences May Find This Comparison Most Relevant?
| Audience | Relevance of the Comparison |
|---|---|
| Current homeowners | Property‑tax liability is a direct cost of homeownership. Alaska’s lower rates result in lower annual payments for owners of median‑priced homes. |
| Prospective homebuyers | Understanding the tax burden helps evaluate total housing costs when comparing states. |
| Retirees or fixed‑income households | Lower property taxes can reduce the proportion of limited income that must be allocated to housing expenses. |
| Real‑estate investors | Tax rates affect cash‑flow calculations; a lower rate may improve net returns on rental properties. |
| Policy analysts | The data illustrate how state‑level tax structures differ, useful for broader fiscal‑policy studies. |
Because both states have median household incomes that are relatively comparable (Alaska $89,336 vs. Connecticut $93,760), the tax‑rate gap can have a noticeable impact on disposable income, especially for those on fixed budgets.
Further Reading
- Detailed information on Alaska’s property‑tax system: Alaska property tax
- Detailed information on Connecticut’s property‑tax system: Connecticut property tax
All figures reflect the most recent ACS estimates available at the time of writing.
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.