Alaska vs Michigan
Property‑Tax Comparison: Alaska vs. Michigan
Both Alaska and Michigan 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), the two states differ in effective tax rates, median home values, and the amount most homeowners would pay each year.
Side‑by‑Side Metrics
| Metric | Alaska | Michigan |
|---|---|---|
| Effective property‑tax rate | 1.14 % | 1.28 % |
| Median home value | $333,300 | $217,600 |
| Median annual property tax | $3,785 | $2,795 |
| Property tax on a $250,000 home | $2,839 | $3,211 |
| Property tax on a $500,000 home | $5,678 | $6,423 |
| Median household income | $89,336 | $71,149 |
Source: According to the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).
Which State Has the Lower Tax Burden?
- Winner (lower effective rate): Alaska
- Tax‑rate difference: 0.15 percentage points (≈ 11.59 % lower than Michigan)
- Annual tax difference on a $250 k home: $372 less in Alaska
- Annual tax difference on a $500 k home: $745 less in Alaska
The lower effective property‑tax rate in Alaska means that, dollar‑for‑dollar, the state collects less tax on the same assessed property value than Michigan. The difference is modest—about 15 cents per $100 of assessed value—but it translates into several hundred dollars of annual savings for typical home values.
Who Might Benefit Most from This Comparison?
| Audience | Relevance of the Comparison |
|---|---|
| Current homeowners | Understanding how their property‑tax bill could change if they relocate between the two states. |
| Prospective homebuyers | Assessing the ongoing cost of home ownership, especially for properties around the $250 k–$500 k price range. |
| Retirees and fixed‑income households | Evaluating the impact of property taxes on disposable income, given the median household‑income figures for each state. |
| Real‑estate investors | Comparing tax burdens alongside home‑value trends to inform investment decisions. |
The data are purely descriptive; they do not account for other tax categories (e.g., income or sales taxes), local assessment practices, or eligibility for property‑tax exemptions that may further affect individual circumstances.
Further Reading
- Detailed information on Alaska’s property‑tax structure: Alaska property tax
- Detailed information on Michigan’s property‑tax structure: Michigan property tax
Based on the most recent ACS estimates, the figures above provide a factual snapshot of how property‑tax rates and typical payments compare between Alaska and Michigan.
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.