Arkansas vs Vermont
Arkansas vs. Vermont – Property‑Tax Comparison (2023 ACS)
Intro
Both Arkansas and Vermont levy property taxes to 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 less than half of Vermont’s. The difference in rates translates into substantially lower annual tax bills for comparable home values in Arkansas.
Side‑by‑Side Metrics
| Metric | Arkansas | Vermont |
|---|---|---|
| Effective property‑tax rate | 0.57 % | 1.71 % |
| Median home value | $175,300 | $290,500 |
| Median annual property tax | $1,003 | $4,956 |
| Property tax on a $250,000 home | $1,431 | $4,265 |
| Property tax on a $500,000 home | $2,861 | $8,530 |
| Median household income | $58,773 | $78,024 |
Sources: “According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).”
Which State Has the Lower Tax Burden?
Winner (lower tax rate): Arkansas
- Tax‑rate gap: 1.71 % − 0.57 % = 1.13 percentage points, which is a 66.46 % lower effective rate in Arkansas.
- Annual tax difference on a $250k home: $4,265 − $1,431 = $2,834.
- Annual tax difference on a $500k home: $8,530 − $2,861 = $5,669.
Because the effective rate is the primary driver of the tax bill, Arkansas consistently yields lower property‑tax obligations across the home‑value spectrum.
Who Might Benefit Most from This Comparison?
| Audience | Relevance of the Data |
|---|---|
| Current or prospective homeowners | Understanding the ongoing cost of owning a home in each state helps with budgeting and affordability analysis. |
| Retirees | Lower property taxes can reduce fixed‑income expenses, making Arkansas potentially more attractive for those on a limited budget. |
| Real‑estate investors | Tax‑rate differentials affect cash‑flow projections; Arkansas’s lower rates may improve net returns on rental properties. |
| Policy analysts | The side‑by‑side figures illustrate how state‑level tax policies translate into household‑level costs. |
The comparison is purely factual; it does not account for other cost‑of‑living components, such as income taxes, sales taxes, or housing market dynamics.
Further Reading
- Detailed state‑specific information: Arkansas property tax
- Detailed state‑specific information: Vermont property tax
Based on the most recent ACS estimates, Arkansas’s effective property‑tax rate of 0.57 % is substantially lower than Vermont’s 1.71 %, resulting in lower annual tax liabilities for comparable home values.
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.