Arkansas vs Florida
Property Tax Comparison: Arkansas vs. Florida
Introduction
Both Arkansas and Florida 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), Arkansas’s effective property tax rate is lower than Florida’s. The following side‑by‑side comparison presents the key metrics that affect homeowners and other property owners in the two states.
Side‑by‑side Comparison (2023 ACS)
| Metric | Arkansas | Florida |
|---|---|---|
| Effective property tax rate | 0.57 % | 0.79 % |
| Median home value | $175,300 | $325,000 |
| Median annual property tax | $1,003 | $2,555 |
| Property tax on a $250,000 home | $1,431 | $1,966 |
| Property tax on a $500,000 home | $2,861 | $3,931 |
| Median household income | $58,773 | $71,711 |
| Internal link – Arkansas | /arkansas-property-tax | |
| Internal link – Florida | /florida-property-tax |
All figures are drawn from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).
Which State “Wins” on Property Taxes?
Winner (lower tax rate): Arkansas
- Effective tax‑rate difference: 0.21 percentage points, which is a 27.2 % lower rate than Florida’s (0.57 % vs. 0.79 %).
- Annual tax difference on a $250,000 home: $535 less in Arkansas ($1,431 vs. $1,966).
- Annual tax difference on a $500,000 home: $1,070 less in Arkansas ($2,861 vs. $3,931).
The lower effective rate in Arkansas translates into smaller yearly tax bills for comparable property values, making it the “winner” in a pure property‑tax cost comparison.
Who Might Benefit Most from This Comparison?
| Audience | Relevance of the Comparison |
|---|---|
| Current or prospective homeowners | The tax figures directly affect monthly or annual housing costs. Buyers of homes around $250k–$500k will see a measurable difference in property‑tax payments between the two states. |
| Retirees and fixed‑income households | Lower property taxes can reduce overall cost of living, especially when combined with Arkansas’s lower median home value. |
| Real‑estate investors | Property‑tax rates impact net operating income and cash‑flow projections. Arkansas’s lower rates may improve investment returns for comparable assets. |
| Relocation planners | Understanding the tax burden alongside median home values and household incomes helps assess affordability when moving between states. |
The data are factual and do not account for other tax components (e.g., state income tax, sales tax) or local variations within each state. Users should consider the full tax environment and personal financial circumstances when making decisions.
Sources
- U.S. Census Bureau, 2023 American Community Survey (5‑year estimates) – effective property tax rates, median home values, median household incomes, and estimated tax amounts.
Based on the most recent ACS estimates, Arkansas’s effective property tax rate is 0.57 % and Florida’s is 0.79 %.
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.