Alaska vs Nebraska
Property‑Tax Comparison: Alaska vs. Nebraska
Intro
Both Alaska and Nebraska 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), Alaska’s effective property‑tax rate is lower than Nebraska’s, resulting in smaller annual tax bills for comparable home values. The following sections present the key metrics side by side, identify which state has the lower rate, and note the groups of residents for whom the comparison is most relevant.
Side‑by‑Side Metrics
| Metric | Alaska | Nebraska |
|---|---|---|
| Effective property‑tax rate | 1.14 % | 1.50 % |
| Median home value | $333,300 | $223,800 |
| Median annual property tax | $3,785 | $3,350 |
| Tax on a $250,000 home | $2,839 | $3,742 |
| Tax on a $500,000 home | $5,678 | $7,485 |
| Median household income | $89,336 | $74,985 |
| Reference | Alaska property tax | Nebraska property tax |
All figures are drawn from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).
Which State “Wins” on Property Taxes?
- Winner (lower rate): Alaska
- Rate difference: 0.36 percentage points, which is a 24.14 % lower effective rate than Nebraska’s.
- Annual tax difference on a $250,000 home: $903 less in Alaska.
- Annual tax difference on a $500,000 home: $1,807 less in Alaska.
Why Alaska wins: The effective property‑tax rate of 1.14 % is the primary determinant of the lower tax bills shown above. Even though Alaska’s median home value is higher, the lower rate reduces the amount homeowners pay annually compared with Nebraska’s 1.50 % rate.
Who Is This Comparison Most Useful For?
| Audience | Relevance of the Comparison |
|---|---|
| Current or prospective homeowners | Understanding the relative cost of property ownership in each state helps in budgeting for annual taxes. |
| Homebuyers evaluating relocation | The tax differential can influence overall affordability, especially for buyers of higher‑priced homes. |
| Retirees | Property taxes affect fixed‑income budgets; a lower rate may be advantageous for retirees with limited cash flow. |
| Real‑estate investors | Tax rates impact cash‑flow projections and return‑on‑investment calculations. |
| Policy analysts | The data illustrate how state‑level tax structures vary relative to median incomes and home values. |
Summary
Based on the most recent ACS estimates, Alaska’s effective property‑tax rate of 1.14 % is lower than Nebraska’s 1.50 %, producing lower annual tax obligations for comparable home values. The difference is most pronounced for higher‑priced homes, where the annual savings in Alaska reach $1,807 for a $500,000 property. These figures are pertinent to homeowners, retirees, and other stakeholders assessing the fiscal implications of property ownership in the two states.
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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.