Arizona vs Connecticut
Arizona vs Connecticut Property Taxes: A Data‑Driven Comparison
According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Arizona and Connecticut have markedly different property‑tax environments. Arizona’s effective property‑tax rate is less than one‑third of Connecticut’s, resulting in lower annual tax payments for comparable home values. The following sections present the core metrics, highlight the numerical differences, and identify which state offers the lower property‑tax burden.
Key Metrics (2023 ACS)
| Metric | Arizona | Connecticut |
|---|---|---|
| Effective property‑tax rate | 0.52 % | 1.92 % |
| Median home value | $358,900 | $343,200 |
| Median annual property tax | $1,858 | $6,575 |
| Property tax on a $250,000 home | $1,294 | $4,789 |
| Property tax on a $500,000 home | $2,589 | $9,579 |
| Median household income | $76,872 | $93,760 |
Source: Based on the most recent ACS estimates (U.S. Census Bureau, 2023 5‑year).
Which State Wins on Property Taxes?
- Winner (lower tax rate): Arizona
- Tax‑rate difference: 1.40 percentage points, which is a 72.98 % relative reduction compared with Connecticut (1.40 ÷ 1.92 × 100).
- Annual tax difference for a $250,000 home: $3,495 (Arizona $1,294 vs. Connecticut $4,789).
- Annual tax difference for a $500,000 home: $6,990 (Arizona $2,589 vs. Connecticut $9,579).
The lower effective tax rate in Arizona directly translates into smaller yearly property‑tax bills across the price points shown. Consequently, Arizona provides the more favorable property‑tax environment when the sole metric is the tax amount levied on real‑estate owners.
Who Benefits From This Comparison?
| Stakeholder | Relevance of the Tax Difference |
|---|---|
| Prospective homebuyers (median‑priced homes) | Lower annual taxes in Arizona reduce overall housing‑costs, especially for buyers whose budgets are sensitive to recurring expenses. |
| Current homeowners considering relocation | A move from Connecticut to Arizona could decrease property‑tax outlays by roughly $3,500–$7,000 per year, depending on home value. |
| Retirees on fixed incomes | Reduced tax bills in Arizona may ease cash‑flow constraints, making homeownership more affordable relative to Connecticut. |
| High‑income buyers | While higher earners may be less affected by the absolute dollar difference, the percentage savings remain significant (≈ 73 %). |
| Policy analysts / researchers | The data illustrate how state‑level tax policy influences household expenditures and can inform comparative fiscal studies. |
The comparison is most pertinent for homeowners and prospective buyers who prioritize ongoing property‑tax costs, as well as retirees whose fixed incomes make tax differentials especially impactful. It is less relevant for individuals whose primary concern is income tax or other cost‑of‑living factors not addressed here.
Additional Resources
- Detailed information on Arizona’s property‑tax structure: Arizona property tax
- Detailed information on Connecticut’s property‑tax structure: Connecticut property tax
All figures are derived from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates) and reflect median values and effective tax rates as reported for each state.
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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.