Alaska vs Florida
Property Tax Comparison: Alaska vs. Florida
Introduction
Both Alaska and Florida have distinct tax structures, but property taxes are a key consideration for prospective homeowners, retirees, and investors. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), the two states differ in effective property‑tax rates, median home values, and median household incomes. The data below summarizes these differences and identifies which state has the lower property‑tax burden.
Side‑by‑Side Comparison
| Metric | Alaska | Florida |
|---|---|---|
| Effective property‑tax rate | 1.14 % | 0.79 % |
| Median home value | $333,300 | $325,000 |
| Median annual property tax | $3,785 | $2,555 |
| Tax on a $250,000 home | $2,839 | $1,966 |
| Tax on a $500,000 home | $5,678 | $3,931 |
| Median household income | $89,336 | $71,711 |
| Reference | Alaska property tax | Florida property tax |
All figures are taken from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which State Has the Lower Property‑Tax Rate?
Winner (lower tax rate): Florida
- Rate difference: 1.14 % – 0.79 % = 0.35 percentage points.
- Relative difference: 0.35 % ÷ 1.14 % ≈ 30.77 % lower than Alaska.
Annual tax impact on typical home values
| Home value | Alaska tax | Florida tax | Difference (Alaska – Florida) |
|---|---|---|---|
| $250,000 | $2,839 | $1,966 | $873 |
| $500,000 | $5,678 | $3,931 | $1,747 |
Based on the most recent ACS estimates, Florida’s effective property‑tax rate is approximately 30.8 % lower than Alaska’s, resulting in lower annual tax payments for comparable home values.
Who Benefits Most from This Comparison?
| Audience | Relevance of the Comparison |
|---|---|
| Current or prospective homeowners | The lower effective rate and resulting smaller annual tax bill in Florida may affect budgeting and total cost of ownership. |
| Retirees | Property‑tax burden is a component of fixed‑income budgeting; a lower rate (Florida) can reduce yearly expenses. |
| Real‑estate investors | Differences in tax liability influence cash‑flow calculations for rental or resale properties. |
| Policy analysts | The contrast highlights how state‑level tax policies translate into measurable household costs. |
The comparison is factual and does not prescribe a choice; it simply presents the quantitative differences that each group may consider when evaluating property‑tax implications in Alaska and Florida.
Sources
- U.S. Census Bureau, 2023 American Community Survey (5‑year estimates). Data accessed for effective property‑tax rates, median home values, median annual property taxes, and median household incomes.
All monetary values are presented in U.S. dollars and reflect median estimates for the respective states.
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.