Arizona vs Missouri
Property Tax Comparison: Arizona vs. Missouri
Intro
Both Arizona and Missouri 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 notably in effective tax rates, median home values, and the resulting annual tax amounts. The following sections present a side‑by‑side view of the key metrics and identify which state imposes the lower property tax burden.
Side‑by‑Side Comparison
| Metric | Arizona | Missouri |
|---|---|---|
| Effective property tax rate | 0.52 % | 0.88 % |
| Median home value | $358,900 | $215,600 |
| Median annual property tax | $1,858 | $1,887 |
| Property tax on a $250,000 home | $1,294 | $2,188 |
| Property tax on a $500,000 home | $2,589 | $4,376 |
| Median household income | $76,872 | $68,920 |
| Link to detailed state information | Arizona property tax | Missouri property tax |
All figures are taken from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which State Wins on Property Taxes?
- Winner (lower tax rate): Arizona
- Tax‑rate difference: 0.36 percentage points, which is a 40.85 % lower effective rate than Missouri’s 0.88 %.
- Annual tax difference on a $250,000 home: $894 less in Arizona ($1,294 vs. $2,188).
- Annual tax difference on a $500,000 home: $1,787 less in Arizona ($2,589 vs. $4,376).
The lower effective tax rate in Arizona translates into smaller annual tax bills across common home price points, despite Arizona’s higher median home value. Consequently, based purely on property tax rates, Arizona imposes a lighter tax burden than Missouri.
Who Might Benefit Most from This Comparison?
| Audience | Relevance of the Comparison |
|---|---|
| Current or prospective homeowners | The table shows the expected annual tax payment for typical home values ($250k and $500k). Buyers can estimate cash‑flow impacts when choosing between the two states. |
| Retirees | Many retirees consider property tax levels when budgeting fixed incomes. Arizona’s lower rate may allow more of a retiree’s income to be allocated to other expenses. |
| Real‑estate investors | Investors evaluating rental yields can incorporate the differing tax expenses into net‑operating‑income calculations. |
| Policy analysts & researchers | The side‑by‑side data provide a concise illustration of how state tax structures compare using the same ACS methodology. |
The comparison is neutral and data‑driven; it does not account for other cost‑of‑living factors (e.g., sales tax, income tax, insurance, or utility costs) that may also influence a household’s overall financial picture.
Summary
Based on the most recent ACS estimates, Arizona’s effective property tax rate of 0.52 % is substantially lower than Missouri’s 0.88 %. This results in lower annual tax payments for typical home values, making Arizona the “winner” in a straightforward property‑tax rate comparison. Homebuyers, retirees, and investors who prioritize lower property tax obligations may find Arizona more favorable in this specific respect.
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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.