Connecticut vs Minnesota
Minnesota
Property‑Tax Comparison: Connecticut vs. Minnesota
Brief overview
Both Connecticut and Minnesota 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 Minnesota’s, resulting in larger median annual tax bills for comparable home values.
Side‑by‑side key metrics
| Metric (2023 ACS) | Connecticut | Minnesota |
|---|---|---|
| Effective property‑tax rate | 1.92 % | 1.04 % |
| Median home value | $343,200 | $305,500 |
| Median annual property tax | $6,575 | $3,184 |
| Property tax on a $250,000 home | $4,789 | $2,606 |
| Property tax on a $500,000 home | $9,579 | $5,211 |
| Median household income | $93,760 | $87,556 |
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): Minnesota
- Rate difference: 0.87 percentage points, which is a 45.60 % lower effective rate than Connecticut’s 1.92 %.
- Annual tax difference on a $250,000 home: $2,183 (Minnesota’s $2,606 vs. Connecticut’s $4,789).
- Annual tax difference on a $500,000 home: $4,368 (Minnesota’s $5,211 vs. Connecticut’s $9,579).
The lower effective tax rate in Minnesota translates directly into smaller property‑tax bills for homeowners at the same assessed value. This outcome is why Minnesota “wins” the comparison when the criterion is the lowest property‑tax rate.
Who benefits most from this comparison?
| Audience | Relevance of the comparison |
|---|---|
| Current homeowners | Understanding how their tax liability would change if they moved between the two states. |
| Prospective homebuyers | Assessing the ongoing cost of homeownership, especially for mid‑range ($250k–$500k) properties. |
| Retirees on fixed incomes | Evaluating which state imposes a lower annual tax burden relative to median household income. |
| Real‑estate investors | Comparing the tax efficiency of property assets in each market. |
| Policy analysts | Using the effective‑rate metric to examine fiscal policy differences between the states. |
The data are purely descriptive; they do not account for other fiscal factors such as state income taxes, sales taxes, or local exemptions that may affect an individual’s total tax picture.
Related resources
- Detailed information on Connecticut’s property‑tax structure: Connecticut property tax
- Detailed information on Minnesota’s property‑tax structure: Minnesota property tax
Based on the most recent ACS estimates, Minnesota’s effective property‑tax rate is approximately half that of Connecticut, leading to lower median annual taxes for comparable home values.
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.