Arizona vs Wyoming
Arizona vs. Wyoming Property Taxes – A Data‑Driven Comparison
Intro
Both Arizona and Wyoming levy property taxes that are used to 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 in effective tax rates, median home values, and median household incomes. This article presents the key metrics side‑by‑side, identifies which state has the lower property‑tax burden, and outlines the groups that may find the comparison most relevant.
Side‑by‑Side Comparison
| Metric | Arizona | Wyoming |
|---|---|---|
| Effective property‑tax rate | 0.52 % | 0.58 % |
| Median home value | $358,900 | $285,100 |
| Median annual property tax | $1,858 | $1,659 |
| Property tax on a $250,000 home | $1,294 | $1,455 |
| Property tax on a $500,000 home | $2,589 | $2,909 |
| Median household income | $76,872 | $74,815 |
Sources: According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which State “Wins” on Property Taxes?
Winner (lower effective tax rate): Arizona
- Tax‑rate difference: 0.06 % lower in Arizona, which translates to an 11.03 % relative reduction compared with Wyoming.
- Annual tax difference on a $250k home: $161 less in Arizona.
- Annual tax difference on a $500k home: $320 less in Arizona.
The lower effective property‑tax rate in Arizona means that, all else equal, homeowners in Arizona pay less tax per dollar of assessed value than homeowners in Wyoming. This advantage persists across the two price points shown ($250 k and $500 k).
Who Might Benefit Most from This Comparison?
| Audience | Relevance of the Data |
|---|---|
| Current or prospective homeowners | Understanding the tax burden tied to home price helps in budgeting and comparing affordability across states. |
| Retirees considering relocation | Property taxes are a recurring expense; lower rates can reduce fixed‑income strain. |
| Real‑estate investors | Effective tax rates affect cash‑flow calculations and return on investment. |
| Policy analysts or researchers | The data provide a baseline for examining how tax structures influence housing markets. |
The comparison is most useful for individuals or entities that evaluate the cost of home ownership rather than for those solely interested in income‑tax or sales‑tax environments.
Summary
Based on the most recent ACS estimates, Arizona’s effective property‑tax rate of 0.52 % is lower than Wyoming’s 0.58 %. Consequently, Arizona yields lower annual property‑tax payments for both $250 k and $500 k homes. Homeowners, retirees, and real‑estate investors who prioritize a lower property‑tax burden may find Arizona comparatively more favorable.
For more detailed state‑specific information, see the dedicated pages on Arizona property tax and Wyoming property tax.
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.