Arizona vs New York
Property‑Tax Comparison: Arizona vs. New York
Intro
Both Arizona and New York levy property taxes that fund local services such as schools, roads, and public safety. The two states differ markedly in the overall tax burden on residential property. The data below come from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).
Side‑by‑Side Metrics
| Metric | Arizona | New York |
|---|---|---|
| Effective property‑tax rate | 0.52 % | 1.60 % |
| Median home value | $358,900 | $403,000 |
| Median annual property tax | $1,858 | $6,450 |
| Property tax on a $250 k home | $1,294 | $4,001 |
| Property tax on a $500 k home | $2,589 | $8,003 |
| Median household income | $76,872 | $84,578 |
| Relevant internal link | Arizona property tax | New York property tax |
Which State Has the Lower Tax Burden?
Winner (lower effective tax rate): Arizona
- Rate difference: 1.08 percentage points (Arizona 0.52 % vs. New York 1.60 %).
- Relative difference: Arizona’s rate is about 67.5 % lower than New York’s.
- Annual tax difference on a $250 k home: $2,707 (New York $4,001 – Arizona $1,294).
- Annual tax difference on a $500 k home: $5,414 (New York $8,003 – Arizona $2,589).
Why Arizona wins: The effective property‑tax rate in Arizona is roughly one‑third of New York’s, producing proportionally lower annual tax payments across comparable home values.
Who Might Find This Comparison Most Useful?
| Audience | Why the data matter |
|---|---|
| Current or prospective homeowners | Understanding the ongoing cost of owning a home helps in budgeting and selecting a location. Lower taxes in Arizona reduce yearly cash‑flow requirements. |
| Retirees | Fixed‑income retirees often prioritize predictable, lower expenses. Arizona’s lower property taxes can make home ownership more affordable for this group. |
| Real‑estate investors | Property‑tax rates affect net operating income. Investors looking for lower overhead may prefer Arizona, while those valuing other state‑specific market factors might still consider New York. |
| Policy analysts / researchers | The contrast illustrates how state‑level tax policy can create substantial differences in local fiscal pressure. |
| Home‑buyer financial planners | Combining tax data with median household income (Arizona $76,872; New York $84,578) enables more accurate affordability analyses. |
The comparison does not address other cost‑of‑living components (e.g., income taxes, insurance, utilities) or local variations within each state. Users should incorporate those factors when evaluating overall affordability.
Sources
- U.S. Census Bureau, 2023 American Community Survey (5‑year estimates).
Data on effective property‑tax rates, home values, median taxes, and household incomes were extracted from the ACS tables for each state.
All figures are presented as reported in the ACS and rounded to the nearest dollar where applicable.
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.