Connecticut vs Illinois
Connecticut
Property‑Tax Comparison: Connecticut vs. Illinois
Intro
Both Connecticut and Illinois levy property taxes that are among the highest in the United States. Using the latest 2023 American Community Survey (5‑year) data from the U.S. Census Bureau, this article compares the effective property‑tax rates, median home values, and related fiscal metrics for the two states. The comparison helps illustrate which jurisdiction imposes a lower tax burden on residential property owners.
Side‑by‑side metrics
| Metric (2023 ACS) | Connecticut | Illinois |
|---|---|---|
| Effective property‑tax rate | 1.92 % | 2.07 % |
| Median home value | $343,200 | $250,500 |
| Median annual property tax | $6,575 | $5,189 |
| Property tax on a $250k home | $4,789 | $5,179 |
| Property tax on a $500k home | $9,579 | $10,357 |
| Median household income | $93,760 | $81,702 |
Sources: According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which state “wins” on property‑tax rate?
- Winner (lower effective rate): Connecticut – its rate of 1.92 % is 0.16 percentage points lower than Illinois’s 2.07 %.
- Rate difference: 0.16 % translates to a 7.52 % relative reduction (0.16 ÷ 2.07 ≈ 0.0752).
- Annual tax impact on a $250,000 home: Connecticut homeowners pay $390 less per year ($4,789 vs. $5,179).
- Annual tax impact on a $500,000 home: The difference rises to $778 less per year ($9,579 vs. $10,357).
Because the comparison is based on the effective property‑tax rate, Connecticut is identified as the lower‑tax state despite having a higher median home value and median household income.
Who benefits most from this comparison?
| Audience | Relevance of the data |
|---|---|
| Current homeowners | Provides a concrete estimate of yearly tax liability for homes valued at $250k and $500k. |
| Prospective homebuyers | Helps assess the ongoing cost of ownership in each state relative to median home prices. |
| Retirees and fixed‑income households | Highlights the relative tax burden, which can affect budgeting for those on limited incomes. |
| Policy analysts / researchers | Offers a concise, data‑driven snapshot of state‑level property‑tax differences for further study. |
The figures are most directly applicable to owner‑occupied residential properties. Commercial, agricultural, or special‑assessment properties may be subject to different rates and are not covered here.
Additional resources
- Detailed state‑specific information: Connecticut property tax
- Detailed state‑specific information: Illinois property tax
Summary
Based on the most recent ACS estimates, Connecticut’s effective property‑tax rate of 1.92 % is lower than Illinois’s 2.07 %. The resulting annual tax savings amount to $390 on a $250,000 home and $778 on a $500,000 home. Stakeholders such as homeowners, prospective buyers, and retirees can use these data points to gauge the relative cost of property ownership in each state.
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.