Connecticut vs Maryland
Property Tax Comparison: Connecticut vs. Maryland
According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), the two states differ noticeably in effective property‑tax rates, median home values, and the resulting tax burdens. The following overview presents the key metrics side by side, identifies which state has the lower rate, and indicates the groups for whom the comparison is most relevant.
Side‑by‑Side Metrics
| Metric | Connecticut | Maryland |
|---|---|---|
| Effective property‑tax rate | 1.92 % | 1.00 % |
| Median home value | $343,200 | $397,700 |
| Median annual property tax | $6,575 | $3,989 |
| Tax on a $250,000 home | $4,789 | $2,507 |
| Tax on a $500,000 home | $9,579 | $5,015 |
| Median household income | $93,760 | $101,652 |
Sources: Connecticut property tax and Maryland property tax; data from the 2023 ACS 5‑year estimates.
Which State Has the Lower Property‑Tax Burden?
Winner (lower effective tax rate): Maryland
- Rate difference: 0.92 % points (Maryland’s 1.00 % vs. Connecticut’s 1.92 %).
- Relative difference: 47.65 % lower rate in Maryland.
- Annual tax gap on a $250,000 home: $2,282 less in Maryland.
- Annual tax gap on a $500,000 home: $4,564 less in Maryland.
The lower rate translates directly into a smaller property‑tax bill for comparable home values. Because the effective tax rate is applied to the assessed value of the property, the absolute tax savings increase with higher home prices, as shown in the $250k and $500k examples.
Who Is This Comparison Most Relevant For?
| Audience | Relevance of the Comparison |
|---|---|
| Current homeowners | Understanding how their annual tax liability would differ if they relocated between the two states. |
| Prospective homebuyers | Estimating the ongoing cost of ownership alongside mortgage payments and other housing expenses. |
| Retirees | Assessing the impact of property taxes on fixed‑income budgets, especially when considering states with higher median incomes and home values. |
| Real‑estate investors | Evaluating the tax component of total return on investment for rental properties or resale assets. |
| Policy analysts | Comparing fiscal policy outcomes related to local government revenue generation. |
The data are strictly quantitative; they do not incorporate other cost‑of‑living factors (e.g., income tax, sales tax, or healthcare costs) that may also influence decision‑making.
Summary
Based on the most recent ACS estimates, Maryland’s effective property‑tax rate of 1.00 % is substantially lower than Connecticut’s 1.92 %, resulting in lower median and model‑home tax bills. The difference is most pronounced for higher‑valued properties. Stakeholders such as homeowners, prospective buyers, retirees, and investors can use this information to gauge the relative property‑tax burden when comparing the two states.
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.