Arkansas vs Maryland
Property‑Tax Comparison: Arkansas vs. Maryland
Short introduction
Both Arkansas and Maryland levy property taxes that 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), Arkansas’s effective property‑tax rate is 0.57 %, while Maryland’s is 1.00 %. The difference in rates translates into substantially different tax amounts for comparable home values.
Side‑by‑side metrics
| Metric | Arkansas | Maryland |
|---|---|---|
| Effective property‑tax rate | 0.57 % | 1.00 % |
| Median home value | $175,300 | $397,700 |
| Median annual property tax | $1,003 | $3,989 |
| Property tax on a $250,000 home | $1,431 | $2,507 |
| Property tax on a $500,000 home | $2,861 | $5,015 |
| Median household income | $58,773 | $101,652 |
| Internal link | Arkansas property tax | Maryland property tax |
All figures are drawn from the U.S. Census Bureau’s 2023 ACS 5‑year estimates.
Which state “wins” on property‑tax rate?
Winner (lower tax rate): Arkansas
- Rate difference: 0.43 % (Arkansas is 42.95 % lower than Maryland).
- Annual tax difference on a $250,000 home: $1,076.
- Annual tax difference on a $500,000 home: $2,154.
Because the effective tax rate in Arkansas is lower, homeowners paying the same assessed value will owe less in property tax than in Maryland.
Who benefits most from this comparison?
| Audience | Relevance of the data |
|---|---|
| Current or prospective homeowners | Lower property‑tax rates directly reduce the annual cost of homeownership. Arkansas’s lower rates may be advantageous for buyers on a tighter budget. |
| Retirees | Fixed‑income retirees often consider property taxes when evaluating overall cost of living. The lower rate in Arkansas can lessen the tax burden relative to Maryland. |
| Real‑estate investors | Investors comparing cash‑flow across markets can use the tax‑rate differential to estimate operating expenses. |
| Policy analysts / researchers | The side‑by‑side ACS data provide a baseline for studying how tax policy interacts with median income and home values in each state. |
The comparison is factual and does not prescribe a specific course of action; it simply presents the measurable differences in property‑tax rates and related figures.
Sources
- U.S. Census Bureau, 2023 American Community Survey (5‑year estimates) – effective property‑tax rates, median home values, median household incomes, and derived tax amounts.
All numbers are presented exactly as reported in the ACS; no additional assumptions have been applied.
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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.