Connecticut vs Florida
Connecticut vs. Florida – Property Tax Comparison
According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), the two states differ markedly in how much homeowners pay in property taxes. The data below summarizes the key metrics that influence annual tax bills and overall affordability.
Side‑by‑side comparison
| Metric | Connecticut | Florida |
|---|---|---|
| Effective property tax rate | 1.92 % | 0.79 % |
| Median home value | $343,200 | $325,000 |
| Median annual property tax | $6,575 | $2,555 |
| Tax on a $250,000 home | $4,789 | $1,966 |
| Tax on a $500,000 home | $9,579 | $3,931 |
| Median household income | $93,760 | $71,711 |
Sources: Connecticut property tax and Florida property tax; data from the 2023 ACS 5‑year estimates.
Which state “wins” on property taxes?
Florida has the lower effective property tax rate (0.79 % vs. 1.92 %).
- Rate difference: 1.13 % points, which is a 58.96 % lower rate in Florida.
- Annual tax difference on a $250k home: $2,823 less in Florida.
- Annual tax difference on a $500k home: $5,648 less in Florida.
Based on the lower rate, Florida wins the comparison for property‑tax burden.
Who benefits from this comparison?
| Audience | Implications of the data |
|---|---|
| Current homeowners | Homeowners in Florida pay roughly half to one‑third the property tax of comparable homes in Connecticut, which can affect cash‑flow and long‑term affordability. |
| Prospective homebuyers | Buyers weighing relocation costs will see lower annual tax obligations in Florida, especially for higher‑priced properties. |
| Retirees | Because retirees often have fixed incomes, the lower property tax burden in Florida may be more favorable, though other cost‑of‑living factors should also be considered. |
| High‑income households | While higher‑income families in Connecticut may have greater ability to absorb higher taxes, the lower rate in Florida reduces the proportion of income devoted to property taxes. |
| Low‑income households | The median household income in Connecticut is higher than in Florida; however, the substantially higher tax rate in Connecticut could represent a larger share of income for lower‑earning residents. |
Summary
According to U.S. Census Bureau data, Florida’s effective property tax rate of 0.79 % is considerably lower than Connecticut’s 1.92 %, resulting in annual tax savings of $2,823 on a $250,000 home and $5,648 on a $500,000 home. The comparison is most relevant for homeowners, prospective buyers, and retirees who prioritize property‑tax expenses in their financial planning.
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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.