Connecticut vs Louisiana
Property‑Tax Comparison: Connecticut vs. Louisiana
Introduction
Both Connecticut and Louisiana levy taxes on real‑property, but the rates and resulting dollar amounts differ markedly. According to the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates), Connecticut’s effective property‑tax rate is more than three times that of Louisiana. The following sections present the key metrics side‑by‑side, identify which state has the lower tax burden, and indicate which types of residents may find the comparison most relevant.
Side‑by‑Side Comparison
| Metric | Connecticut | Louisiana |
|---|---|---|
| Effective property‑tax rate* | 1.92 % | 0.55 % |
| Median home value | $343,200 | $208,700 |
| Median annual property tax | $6,575 | $1,146 |
| Property tax on a $250,000 home | $4,789 | $1,373 |
| Property tax on a $500,000 home | $9,579 | $2,746 |
| Median household income | $93,760 | $60,023 |
*Effective property‑tax rate = median annual tax ÷ median home value (expressed as a percentage).
Sources: Data are taken from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates). For further state‑specific details see the pages on Connecticut property tax and Louisiana property tax.
Which State “Wins” on Property Tax?
Winner (lower tax rate): Louisiana
- Rate difference: 1.37 percentage points, which is a 71.34 % lower effective rate than Connecticut’s 1.92 %.
- Dollar‑value differences:
- On a $250,000 home, Louisiana’s tax ($1,373) is $3,416 less than Connecticut’s ($4,789).
- On a $500,000 home, Louisiana’s tax ($2,746) is $6,833 less than Connecticut’s ($9,579).
The lower effective rate in Louisiana results from both a lower median home value and a lower overall assessment level set by state and local governments. Consequently, property owners in Louisiana pay less in absolute dollars and as a share of home value compared with owners in Connecticut.
Who Is This Comparison Most Relevant For?
| Audience | Relevance of the Comparison |
|---|---|
| Current or prospective homeowners | Understanding the ongoing tax burden helps in budgeting for homeownership costs. The data show that, all else equal, a homeowner would face a substantially lower annual property‑tax bill in Louisiana. |
| Retirees and fixed‑income households | Because property taxes are a recurring expense, retirees on fixed incomes may prefer a jurisdiction with a lower effective rate. Louisiana’s median household income is also lower, which may affect overall affordability. |
| Real‑estate investors | Investors comparing cash‑flow projections should incorporate the differing tax rates. Lower taxes in Louisiana can improve net operating income for rental properties. |
| Policy analysts and researchers | The side‑by‑side metrics provide a snapshot of how state‑level tax policy and home‑value levels interact, useful for comparative fiscal studies. |
The comparison does not address other tax categories (e.g., income, sales) or non‑tax considerations such as climate, public services, or cost of living, which may also influence a decision.
Summary
Based on the most recent ACS estimates, Louisiana’s effective property‑tax rate of 0.55 % is significantly lower than Connecticut’s 1.92 %. This translates into $3,416–$6,833 lower annual taxes for typical home price points ($250 k and $500 k). The information is particularly useful for homeowners, retirees, and investors evaluating the long‑term cost of owning property in either state.
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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.