Arizona vs New Jersey
Arizona vs. New Jersey – Property‑Tax Comparison
Intro
Both Arizona and New Jersey levy property taxes that fund local services such as schools, public safety, and infrastructure. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), the two states differ markedly in effective tax rates, median home values, and the resulting annual tax bills. The data below provides a side‑by‑side view of these key metrics.
Side‑by‑Side Comparison
| Metric | Arizona | New Jersey |
|---|---|---|
| Effective property‑tax rate | 0.52 % | 2.23 % |
| Median home value | $358,900 | $427,600 |
| Median annual property tax | $1,858 | $9,541 |
| Property tax on a $250,000 home | $1,294 | $5,578 |
| Property tax on a $500,000 home | $2,589 | $11,157 |
| Median household income | $76,872 | $101,050 |
| Link to state‑specific page | Arizona property tax | New Jersey property tax |
All figures are drawn from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Who Wins on Property‑Tax Rate?
- Winner (lower rate): Arizona
- Rate difference: 1.71 percentage points, which is a 76.80 % lower effective rate than New Jersey’s (2.23 % – 0.52 % = 1.71 %; 1.71 % ÷ 2.23 % ≈ 76.8 %).
- Annual tax difference on a $250 k home: $4,284 (Arizona $1,294 vs. New Jersey $5,578)
- Annual tax difference on a $500 k home: $8,568 (Arizona $2,589 vs. New Jersey $11,157)
Based on the most recent ACS estimates, Arizona’s effective property‑tax rate is substantially lower than New Jersey’s. Consequently, homeowners in Arizona pay a smaller portion of a home’s assessed value in taxes.
Which Audiences Might Find This Comparison Most Relevant?
| Audience | Relevance of the Comparison |
|---|---|
| Current or prospective homeowners | The table shows how the same property value translates into different tax obligations in each state. |
| Retirees or fixed‑income households | Lower property taxes can reduce the overall cost of living; Arizona’s rates may be more favorable for those on a fixed budget. |
| Real‑estate investors | Understanding tax differentials helps evaluate after‑tax returns on property purchases in each market. |
| Policy analysts or researchers | The data illustrate how state‑level tax structures impact household expenses relative to median incomes. |
All groups benefit from a factual, data‑driven view of property‑tax costs rather than anecdotal or promotional statements.
Summary
- Arizona’s effective property‑tax rate (0.52 %) is markedly lower than New Jersey’s (2.23 %).
- The lower rate translates into annual tax bills that are roughly one‑quarter of those in New Jersey for comparable home values.
- Median household income is also lower in Arizona, but the tax burden remains lighter relative to home value.
For individuals whose primary concern is minimizing property‑tax expenses—particularly homeowners, retirees, and investors—Arizona offers a comparatively lower tax environment according to the latest ACS data.
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.