Alaska vs Maryland
Property‑Tax Comparison: Alaska vs. Maryland
Both Alaska and Maryland levy property taxes that are calculated as a percentage of assessed home value. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), the two states differ slightly in effective tax rates, median home values, and typical tax payments.
Side‑by‑Side Metrics
| Metric | Alaska | Maryland |
|---|---|---|
| Effective property‑tax rate | 1.14 % | 1.00 % |
| Median home value | $333,300 | $397,700 |
| Median annual property tax | $3,785 | $3,989 |
| Tax on a $250,000 home | $2,839 | $2,507 |
| Tax on a $500,000 home | $5,678 | $5,015 |
| Median household income | $89,336 | $101,652 |
Sources: Alaska property tax and Maryland property tax; data from the U.S. Census Bureau.
Which State Has the Lower Rate?
- Winner (lower effective tax rate): Maryland – 1.00 % versus Alaska’s 1.14 %.
- Rate difference: 0.13 percentage points, which is an 11.68 % lower rate in Maryland relative to Alaska.
- Impact on typical homes:
- On a $250,000 home, Maryland’s tax is $332 less per year ($2,507 vs. $2,839).
- On a $500,000 home, Maryland’s tax is $663 less per year ($5,015 vs. $5,678).
The lower effective rate makes Maryland the “winner” in a direct property‑tax comparison.
Who Might Benefit Most from This Comparison?
| Audience | Relevance of the Comparison |
|---|---|
| Current or prospective homeowners | The effective tax rate and per‑home tax amounts affect budgeting for mortgage‑related expenses. |
| Retirees or fixed‑income households | Lower property‑tax rates can reduce the ongoing cost of home ownership, which is especially important for those on limited incomes. |
| Real‑estate investors | Understanding the tax burden on different home price tiers helps assess cash‑flow expectations across states. |
| Policy analysts or planners | The data illustrate how tax structures vary despite differences in median home values and household incomes. |
Because Maryland’s effective property‑tax rate is modestly lower, it generally imposes a smaller annual tax burden on comparable properties. However, the overall cost of home ownership also depends on home prices, local assessment practices, and household income levels, which differ between the two 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.