Connecticut vs Michigan
Property‑Tax Comparison: Connecticut vs. Michigan
According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Connecticut and Michigan differ markedly in effective property‑tax rates, median home values, and the amount homeowners pay each year. The data below shows how the two states compare on these key metrics.
Side‑by‑Side Metrics
| Metric | Connecticut | Michigan |
|---|---|---|
| Effective property‑tax rate | 1.92 % | 1.28 % |
| Median home value | $343,200 | $217,600 |
| Median annual property tax | $6,575 | $2,795 |
| Property tax on a $250,000 home | $4,789 | $3,211 |
| Property tax on a $500,000 home | $9,579 | $6,423 |
| Median household income | $93,760 | $71,149 |
Sources: According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which State Has the Lower Tax Burden?
- Winner (lower effective rate): Michigan
- Tax‑rate difference: 0.63 % (approximately a 32.95 % lower rate than Connecticut)
- Annual tax difference on a $250,000 home: $1,578 in favor of Michigan
- Annual tax difference on a $500,000 home: $3,156 in favor of Michigan
Based on the most recent ACS estimates, Michigan’s effective property‑tax rate of 1.28 % is substantially lower than Connecticut’s 1.92 %. Because the rate is applied to the assessed value of a home, the lower rate translates into lower annual tax bills across the price spectrum, as shown in the calculations for $250 k and $500 k properties.
Who Might Benefit Most from This Comparison?
| Audience | Relevance of the Data |
|---|---|
| Current or prospective homeowners | The effective tax rate and median annual tax figures indicate the recurring cost of owning a home in each state. |
| Retirees on fixed incomes | Lower property taxes can reduce overall housing expenses, making Michigan potentially more affordable for retirees. |
| Real‑estate investors | Understanding the tax burden relative to home values helps assess cash‑flow expectations. |
| Policy analysts | The contrast highlights how state‑level tax structures affect household expenses. |
The comparison is factual and does not imply that one state is “better” overall; it simply shows that, for property‑tax purposes, Michigan imposes a lower rate than Connecticut. Homeowners, retirees, and investors who prioritize lower property‑tax costs may find Michigan’s tax environment more advantageous, while those evaluating other factors (such as services funded by taxes or local amenities) would need additional data.
Further Reading
- Detailed information on Connecticut’s property‑tax system: Connecticut property tax
- Detailed information on Michigan’s property‑tax system: Michigan property tax
All figures are derived from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates) and are presented without adjustment for local exemptions, abatements, or recent legislative changes.
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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.