Alaska vs Nevada
Alaska vs. Nevada Property Tax Comparison (2023 ACS)
According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), the two states differ substantially in how property taxes are assessed and what homeowners can expect to pay. The following sections present the key metrics side‑by‑side, identify which state has the lower effective tax rate, and describe the types of residents for whom the comparison is most relevant.
Key Metrics
| Metric | Alaska | Nevada |
|---|---|---|
| Effective property tax rate | 1.14 % | 0.49 % |
| Median home value | $333,300 | $406,100 |
| Median annual property tax | $3,785 | $1,970 |
| Tax on a $250,000 home | $2,839 | $1,213 |
| Tax on a $500,000 home | $5,678 | $2,425 |
| Median household income | $89,336 | $75,561 |
Sources: Alaska property tax and Nevada property tax; data from the 2023 ACS.
Which State Has the Lower Property Tax Rate?
Based on the effective property tax rate, Nevada is the lower‑tax state:
- Effective rate: Nevada 0.49 % vs. Alaska 1.14 %
- Rate difference: 0.65 percentage points, representing a 57.28 % lower rate in Nevada.
Dollar‑level impact
| Home value | Alaska tax | Nevada tax | Difference |
|---|---|---|---|
| $250,000 | $2,839 | $1,213 | $1,626 lower in Nevada |
| $500,000 | $5,678 | $2,425 | $3,253 lower in Nevada |
These calculations use the tax amounts listed in the table above, which reflect the effective rates applied to the median home values for each state.
Who Is This Comparison Most Relevant For?
| Audience | Relevance of the comparison |
|---|---|
| Current or prospective homeowners | The effective tax rate and estimated annual taxes directly affect housing affordability and cash‑flow planning. |
| Retirees | Lower property taxes can reduce the overall cost of living, especially for those on fixed incomes. Nevada’s lower median tax burden may be advantageous. |
| Real‑estate investors | Property‑tax differentials influence the net return on rental or investment properties. Nevada’s lower rates can improve after‑tax yields. |
| Relocating families | Understanding how property taxes interact with median household income helps assess overall affordability. Alaska’s higher median income partially offsets its higher tax burden, while Nevada offers a lower tax burden but also a lower median income. |
The comparison does not account for other cost‑of‑living factors (e.g., sales tax, income tax, utility costs) or differences in local services. Users should consider the full tax environment and personal financial situation when evaluating a move.
Summary
- Winner (lower tax rate): Nevada, with an effective property tax rate of 0.49 % compared with Alaska’s 1.14 %.
- Annual tax savings: Homeowners with a $250k property would pay $1,626 less per year in Nevada; the savings rise to $3,253 for a $500k property.
Based on the most recent ACS estimates, Nevada provides a lower property‑tax burden, while Alaska’s higher median household income may offset its higher tax rates for some residents. Users should apply these figures in conjunction with their own income, housing preferences, and broader tax considerations.
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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.