Arizona vs Nevada
Arizona vs. Nevada Property Tax Comparison
Intro
Both Arizona and Nevada are located in the Southwest and attract a mix of families, retirees, and investors. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), the two states have similar median home values and household incomes, but their effective property tax rates differ slightly. This article presents the key metrics side‑by‑side, identifies which state has the lower rate, and outlines the groups for whom the comparison is most relevant.
Side‑by‑Side Metrics
| Metric (2023 ACS) | Arizona | Nevada |
|---|---|---|
| Effective property tax rate | 0.52 % | 0.49 % |
| Median home value | $358,900 | $406,100 |
| Median annual property tax | $1,858 | $1,970 |
| Property tax on a $250,000 home | $1,294 | $1,213 |
| Property tax on a $500,000 home | $2,589 | $2,425 |
| Median household income | $76,872 | $75,561 |
Sources: According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which State Wins on Property Tax?
- Winner (lower effective rate): Nevada
- Rate difference: 0.03 % (approximately a 6.30 % relative difference)
- Annual tax difference on a $250,000 home: Nevada’s tax is $81 lower than Arizona’s.
- Annual tax difference on a $500,000 home: Nevada’s tax is $164 lower than Arizona’s.
Why Nevada wins: The effective property tax rate of 0.49 % in Nevada is marginally below Arizona’s 0.52 %. Because the rate is applied to the assessed value of a property, the lower percentage translates into lower annual taxes for comparable home values, as shown in the $250k and $500k examples.
Who This Comparison Is Most Relevant For
| Audience | Relevance of the Data |
|---|---|
| Current homeowners | Understanding the ongoing tax burden helps with budgeting and assessing the cost of staying in or moving between the two states. |
| Prospective homebuyers | The effective tax rate and median tax amounts provide a baseline for estimating future expenses when evaluating properties in either state. |
| Retirees | Fixed‑income retirees often prioritize lower recurring costs; the marginally lower rate in Nevada may affect long‑term affordability. |
| Real‑estate investors | Investors comparing cash‑flow projections can use the tax differences to refine net‑operating‑income calculations for rental properties. |
| Policy analysts | The side‑by‑side metrics illustrate how state tax structures interact with home values and incomes, useful for comparative fiscal studies. |
Additional Resources
- Detailed information on Arizona’s property‑tax system: Arizona property tax
- Detailed information on Nevada’s property‑tax system: Nevada property tax
Summary
Based on the most recent ACS estimates, Nevada’s effective property tax rate of 0.49 % is lower than Arizona’s 0.52 %. The difference results in modest annual savings of $81 on a $250,000 home and $164 on a $500,000 home. While both states have comparable median home values and household incomes, the lower rate in Nevada may be a deciding factor for homeowners, retirees, and investors seeking to minimize property‑tax expenses.
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.