Arkansas vs Nebraska
Arkansas vs. Nebraska – Property‑Tax Comparison
Intro
Both Arkansas and Nebraska levy local property taxes that fund schools, roads, and other municipal services. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Arkansas’s effective property‑tax rate is substantially lower than Nebraska’s. The following tables and analysis present the key metrics side‑by‑side and identify which state imposes the lower tax burden on typical home values.
Side‑by‑Side Metrics
| Metric | Arkansas | Nebraska |
|---|---|---|
| Effective property‑tax rate | 0.57 % | 1.50 % |
| Median home value | $175,300 | $223,800 |
| Median annual property tax | $1,003 | $3,350 |
| Tax on a $250,000 home | $1,431 | $3,742 |
| Tax on a $500,000 home | $2,861 | $7,485 |
| Median household income | $58,773 | $74,985 |
| Reference | Arkansas property tax | Nebraska property tax |
All figures are taken from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).
Which State Wins on Property Tax?
- Winner (lower rate): Arkansas
- Rate difference: 0.92 percentage points, which is a 61.77 % lower effective rate than Nebraska’s (1.50 % − 0.57 % = 0.93 %).
- Annual tax difference on a $250k home: $3,742 − $1,431 = $2,311
- Annual tax difference on a $500k home: $7,485 − $2,861 = $4,624
Why Arkansas wins – The effective property‑tax rate (the tax amount divided by home value) is the primary measure of tax burden. Arkansas’s 0.57 % rate is less than half of Nebraska’s 1.50 %, resulting in lower annual payments across comparable home values.
Who Might Benefit Most from This Comparison?
| Audience | Relevance of Lower Property Tax |
|---|---|
| Current homeowners | Reduced annual cash outflow on existing mortgages, especially for homes valued near the median. |
| Prospective homebuyers | Lower tax estimates improve affordability calculations when comparing purchase options. |
| Retirees on fixed incomes | A smaller property‑tax bill can help stretch retirement savings, particularly in states with lower median home values. |
| Real‑estate investors | Lower tax rates increase net operating income on rental properties, assuming other costs are comparable. |
| Policy analysts | The disparity illustrates how state‑level tax structures can affect household finances relative to median income. |
The comparison is factual and does not constitute financial advice. Individuals should consider the full cost of living, including income taxes, sales taxes, and local services, when evaluating relocation or investment decisions.
References
- According to U.S. Census Bureau data (2023 ACS 5‑year), the effective property‑tax rates and median values shown above are the most recent publicly available estimates.
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.