Connecticut vs Montana
Property‑Tax Comparison: Connecticut vs. Montana
Intro
Both Connecticut and Montana 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 more than double that of Montana. The following tables and calculations show how the two states differ in tax rates, median home values, typical tax payments, and household income.
Side‑by‑side metrics
| Metric | Connecticut | Montana |
|---|---|---|
| Effective property‑tax rate | 1.92 % | 0.75 % |
| Median home value | $343,200 | $338,100 |
| Median annual property tax | $6,575 | $2,535 |
| Tax on a $250,000 home | $4,789 | $1,875 |
| Tax on a $500,000 home | $9,579 | $3,749 |
| Median household income | $93,760 | $69,922 |
Sources: Data drawn from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Who “wins” on property tax?
Montana has the lower effective property‑tax rate (0.75 % vs. 1.92 %). The rate difference is 1.17 percentage points, representing a 60.86 % lower rate relative to Connecticut.
Tax‑payment impact
| Home price | Annual tax (CT) | Annual tax (MT) | Difference (CT – MT) |
|---|---|---|---|
| $250,000 | $4,789 | $1,875 | $2,914 |
| $500,000 | $9,579 | $3,749 | $5,830 |
Based on the most recent ACS estimates, a homeowner would pay roughly $2,900 to $5,800 less per year in Montana than in Connecticut for comparable property values.
Which audiences might find this comparison most relevant?
| Audience | Relevance of the comparison |
|---|---|
| Current or prospective homeowners | Understanding the ongoing cost of ownership helps assess affordability across states. |
| Retirees | Property taxes are a recurring expense that can affect fixed‑income budgeting; lower rates may be advantageous. |
| Real‑estate investors | Tax rate differentials influence cash‑flow projections for rental or resale properties. |
| Policy analysts | The data illustrate how state‑level tax structures vary relative to median home values and incomes. |
The comparison is factual and does not endorse either state; it simply highlights the quantitative differences in property‑tax burdens.
Further reading
All figures are taken from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates) and are presented without adjustment for local exemptions, abatements, or special assessment districts.
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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.