Arkansas vs Nevada
Property‑Tax Comparison: Arkansas vs. Nevada
Intro
Both Arkansas and Nevada 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), Nevada’s effective property‑tax rate is lower than Arkansas’s, while Nevada’s median home values and household incomes are higher. The following sections present the key metrics side‑by‑side, identify the lower‑rate state, and outline which groups of residents may find the comparison most relevant.
Side‑by‑Side Metrics
| Metric | Arkansas | Nevada |
|---|---|---|
| Effective property‑tax rate | 0.57 % | 0.49 % |
| Median home value | $175,300 | $406,100 |
| Median annual property tax | $1,003 | $1,970 |
| Property tax on a $250,000 home | $1,431 | $1,213 |
| Property tax on a $500,000 home | $2,861 | $2,425 |
| Median household income | $58,773 | $75,561 |
| Internal link | Arkansas property tax | Nevada property tax |
All figures are from the U.S. Census Bureau’s 2023 ACS 5‑year estimates.
Which State Has the Lower Tax Burden?
Winner (lower effective rate): Nevada
- Rate difference: 0.09 % (Nevada’s rate is 15.22 % lower than Arkansas’s).
- Annual tax difference on a $250,000 home: $218 less in Nevada ($1,213 vs. $1,431).
- Annual tax difference on a $500,000 home: $436 less in Nevada ($2,425 vs. $2,861).
Because the effective property‑tax rate directly determines the percentage of a home’s assessed value that must be paid annually, Nevada’s lower rate results in lower taxes for comparable property values.
Who Is This Comparison Most Relevant For?
| Audience | Why the data matters |
|---|---|
| Current or prospective homeowners | The effective tax rate and dollar‑amount examples illustrate how much property tax would be owed on typical home prices in each state. |
| Retirees and fixed‑income households | Lower tax rates can reduce the ongoing cost of homeownership, which is significant for budgets that rely on limited income. |
| Real‑estate investors | Understanding tax differentials helps evaluate the total cost of ownership across markets with differing home‑value levels. |
| Policy analysts or researchers | The comparison provides a concise, data‑driven snapshot of how two states differ in property‑tax structure and related economic indicators (home values, household income). |
Summary
Based on the most recent ACS estimates, Nevada’s effective property‑tax rate of 0.49 % is lower than Arkansas’s 0.57 %. This translates into modest absolute tax savings for homeowners at both the $250k and $500k price points. While Nevada also has higher median home values and household incomes, the lower tax rate may be advantageous for individuals prioritizing a reduced property‑tax burden, especially homeowners, retirees, and investors evaluating long‑term costs.
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.