Arkansas vs Connecticut
Property Tax Comparison: Arkansas vs. Connecticut
Intro
According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Arkansas and Connecticut have markedly different property‑tax environments. Arkansas’s effective property‑tax rate is 0.57 percent, while Connecticut’s rate is 1.92 percent—more than three times higher. The disparity is reflected in the median home values, median annual taxes, and the amount of tax that would be owed on typical $250 k and $500 k homes.
Side‑by‑Side Metrics
| Metric | Arkansas | Connecticut |
|---|---|---|
| Effective property‑tax rate | 0.57 % | 1.92 % |
| Median home value | $175,300 | $343,200 |
| Median annual property tax | $1,003 | $6,575 |
| Property tax on a $250,000 home | $1,431 | $4,789 |
| Property tax on a $500,000 home | $2,861 | $9,579 |
| Median household income | $58,773 | $93,760 |
Sources: According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which State “Wins” on Property Tax?
Winner (lower tax rate): Arkansas
- Tax‑rate difference: 1.34 percentage points, which is a 70.13 % lower effective rate than Connecticut’s.
- Annual tax difference on a $250 k home: $4,789 – $1,431 = $3,358.
- Annual tax difference on a $500 k home: $9,579 – $2,861 = $6,718.
Based on the most recent ACS estimates, Arkansas imposes a substantially lower property‑tax burden both in relative (percentage) and absolute (dollar) terms.
Who Might Benefit From This Comparison?
| Audience | Relevance of Arkansas Data | Relevance of Connecticut Data |
|---|---|---|
| Current homeowners | Lower annual tax payments can reduce ongoing housing costs. | Higher taxes may be offset by higher home values and income levels. |
| Prospective homebuyers | Attractive for buyers seeking affordability in property taxes. | May appeal to buyers who prioritize public services funded by higher taxes. |
| Retirees | Fixed‑income retirees often benefit from the lower tax burden. | Retirees with higher incomes may accept higher taxes for perceived service quality. |
| Real‑estate investors | Lower tax expense improves cash‑flow projections for rental properties. | Higher tax expense must be weighed against potentially higher rental rates in Connecticut. |
The data are purely fiscal; they do not address other factors such as school quality, municipal services, or cost‑of‑living differences.
Further Reading
All figures are derived from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates) and are presented without interpretation beyond the scope of property‑tax rates.
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.