Alaska vs Missouri
Property Tax Comparison: Alaska vs. Missouri
Intro
According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Alaska and Missouri differ substantially in property‑tax burden, home values, and median household incomes. Both states have relatively low effective property‑tax rates compared with the national average, but the rates and resulting annual taxes vary enough to be relevant for prospective homeowners, current residents, and retirees evaluating where to locate.
Side‑by‑Side Comparison
| Metric (2023 ACS) | Alaska | Missouri |
|---|---|---|
| Effective property‑tax rate | 1.14 % | 0.88 % |
| Median home value | $333,300 | $215,600 |
| Median annual property tax | $3,785 | $1,887 |
| Property tax on a $250,000 home | $2,839 | $2,188 |
| Property tax on a $500,000 home | $5,678 | $4,376 |
| Median household income | $89,336 | $68,920 |
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): Missouri
- Rate difference: 0.26 percentage points, which represents a 22.93 % lower effective rate in Missouri.
- Annual tax difference on a $250 k home: $651 less in Missouri ($2,839 – $2,188).
- Annual tax difference on a $500 k home: $1,302 less in Missouri ($5,678 – $4,376).
Why Missouri wins: The lower effective tax rate (0.88 % vs. 1.14 %) directly reduces the amount of tax levied on any given property value. Consequently, homeowners paying the same assessed value in Missouri will owe less in property taxes than those in Alaska.
Who Benefits Most From This Comparison?
| Audience | Relevance of the Data |
|---|---|
| Current homeowners | Understanding the relative tax burden helps in budgeting and assessing potential savings if relocating. |
| Prospective homebuyers | The table clarifies how property‑tax costs compare across the two markets, complementing price and income considerations. |
| Retirees and fixed‑income households | Lower property taxes can reduce overall living expenses; Missouri’s lower rate may be advantageous for those on fixed incomes. |
| Real‑estate investors | Effective tax rates affect cash‑flow projections; Missouri’s lower rate may improve net returns on comparable properties. |
The comparison is factual and does not account for other tax categories (e.g., income or sales tax), local assessment practices, or public‑service differences that may influence a household’s overall tax picture.
References
- According to U.S. Census Bureau data, the effective property‑tax rates and median values listed above are based on the 2023 American Community Survey (5‑year estimates).
- For state‑specific details, see the internal pages: Alaska property tax and Missouri property tax.
Based on the most recent ACS estimates, Missouri’s property‑tax rate is lower than Alaska’s, resulting in lower annual tax payments for comparable home values.
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.