Connecticut vs Iowa
Property‑Tax Comparison: Connecticut vs. Iowa
Intro
Both Connecticut and Iowa 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), Connecticut’s effective property‑tax rate is higher than Iowa’s, resulting in larger annual tax bills for comparable home values. The following sections present the key metrics side by side, identify which state has the lower rate, and note the groups of residents for whom the comparison is most relevant.
Side‑by‑Side Metrics
| Metric | Connecticut | Iowa |
|---|---|---|
| Effective property‑tax rate | 1.92 % | 1.43 % |
| Median home value | $343,200 | $195,900 |
| Median annual property tax | $6,575 | $2,795 |
| Property tax on a $250,000 home | $4,789 | $3,567 |
| Property tax on a $500,000 home | $9,579 | $7,134 |
| Median household income | $93,760 | $73,147 |
| Internal link | Connecticut property tax | Iowa property tax |
All figures are drawn from the U.S. Census Bureau’s 2023 ACS 5‑year estimates.
Which State Has the Lower Property‑Tax Burden?
Winner: Iowa – lower effective property‑tax rate.
- Rate difference: 0.49 percentage points (1.92 % − 1.43 %). This represents a 25.53 % lower rate in Iowa.
- Annual tax difference for a $250 k home: $1,222 less in Iowa ($4,789 − $3,567).
- Annual tax difference for a $500 k home: $2,445 less in Iowa ($9,579 − $7,134).
Based on the lower effective rate, Iowa imposes a smaller property‑tax burden on homeowners at both the $250 k and $500 k price points.
Who Might Benefit Most from This Comparison?
| Audience | Relevance |
|---|---|
| Current or prospective homeowners | Directly see how the same home value would be taxed in each state. |
| Retirees and fixed‑income households | Lower annual taxes can affect affordability, especially when combined with median household income data. |
| Real‑estate investors | Understanding tax differentials helps assess after‑tax cash flow for properties in each market. |
| Policy analysts | Provides a concise, data‑driven snapshot of state‑level property‑tax structures. |
The comparison is factual and does not incorporate state‑level tax credits, exemptions, or other local variations that could further influence an individual’s net tax liability.
Summary
- According to U.S. Census Bureau data, Iowa’s effective property‑tax rate (1.43 %) is 0.49 percentage points lower than Connecticut’s (1.92 %).
- This rate gap translates into $1,222–$2,445 lower annual taxes for typical home values of $250 k and $500 k, respectively.
- Iowa therefore offers the lower property‑tax burden among the two states, a factor that may be especially pertinent for homeowners, retirees, and investors evaluating overall housing costs.
All numbers reflect the most recent ACS estimates and are presented without interpretation beyond the direct tax‑rate comparison.
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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.