Colorado vs New Hampshire
Property Tax Comparison: Colorado vs. New Hampshire
Intro
Both Colorado and New Hampshire 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), Colorado’s effective property tax rate is substantially lower than New Hampshire’s. The following sections present the key metrics side by side, identify which state has the lower rate, and outline the types of residents for whom this information may be most relevant.
Side‑by‑Side Comparison
| Metric | Colorado | New Hampshire |
|---|---|---|
| Effective property tax rate | 0.49% | 1.77% |
| Median home value | $502,200 | $367,200 |
| Median annual property tax | $2,448 | $6,505 |
| Tax on a $250,000 home | $1,219 | $4,429 |
| Tax on a $500,000 home | $2,438 | $8,858 |
| Median household income | $92,470 | $95,628 |
| Internal link | Colorado property tax | New Hampshire property tax |
All figures are drawn from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).
Which State Has the Lower Property Tax Burden?
Winner: Colorado (lower effective property tax rate).
Why Colorado wins:
- The effective tax rate in Colorado is 0.49%, compared with 1.77% in New Hampshire.
- This represents a difference of 1.28 percentage points, or a 72.48 % lower rate in Colorado.
- For a home valued at $250,000, the annual property tax in Colorado is $1,219, whereas in New Hampshire it is $4,429 – a difference of $3,210.
- For a $500,000 home, Colorado’s tax is $2,438 versus $8,858 in New Hampshire – a difference of $6,420.
Because the tax rate drives the amount owed, Colorado’s lower rate translates into consistently lower annual property‑tax bills across comparable home values.
Who Is This Comparison Most Relevant For?
| Audience | Relevance of the Comparison |
|---|---|
| Current or prospective homeowners | Understanding the ongoing cost of owning property in each state helps with budgeting and affordability analysis. |
| Retirees and fixed‑income households | Lower property taxes can reduce the total cost of living, especially when income sources are limited. |
| Real‑estate investors | Tax rate differences affect cash‑flow projections and return‑on‑investment calculations. |
| Policy analysts or researchers | The data illustrate how state‑level tax structures vary and can inform broader fiscal studies. |
The comparison is factual and does not provide recommendations; it simply highlights the quantitative differences in property‑tax liability between the two states.
Source
All numbers are based on U.S. Census Bureau data from the 2023 American Community Survey (5‑year estimates).
This article is intended for informational purposes only and does not constitute tax or financial advice.
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.