Connecticut vs Nebraska
Property‑Tax Comparison: Connecticut vs. Nebraska
Both Connecticut and Nebraska levy property taxes that fund local services such as schools, roads, and public safety. The two states differ markedly in assessed values, tax rates, and median household incomes. Below is a data‑driven side‑by‑side look at the most recent figures from the U.S. Census Bureau.
Side‑by‑side metrics
| Metric | Connecticut | Nebraska |
|---|---|---|
| Effective property‑tax rate* | 1.92 % | 1.50 % |
| Median home value | $343,200 | $223,800 |
| Median annual property tax | $6,575 | $3,350 |
| Property tax on a $250,000 home | $4,789 | $3,742 |
| Property tax on a $500,000 home | $9,579 | $7,485 |
| Median household income | $93,760 | $74,985 |
*Effective property‑tax rate = median annual property tax ÷ median home value.
All figures are taken from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which state has the lower tax burden?
Nebraska records the lower effective property‑tax rate (1.50 % vs. 1.92 % in Connecticut).
- Rate difference: 0.42 percentage points, which is a 21.87 % lower rate than Connecticut’s.
- Annual tax difference on a $250,000 home: $1,047 less in Nebraska.
- Annual tax difference on a $500,000 home: $2,094 less in Nebraska.
Because the effective rate drives the amount owed, Nebraska’s lower rate translates into lower annual property‑tax payments for comparable home values. For readers interested in the detailed tax rules for each state, see the internal pages on Connecticut property tax and Nebraska property tax.
Who benefits most from this comparison?
| Audience | Relevance of the comparison |
|---|---|
| Current homeowners | Those evaluating a move can compare the ongoing tax cost of similar‑priced homes in the two states. Nebraska’s lower rate reduces the yearly outlay. |
| Prospective homebuyers | Buyers with a fixed budget for housing expenses will find Nebraska’s lower median tax burden advantageous, especially if purchasing near the $250k‑$500k price range. |
| Retirees and fixed‑income households | Lower property taxes can help stretch limited income; Nebraska’s lower median tax ($3,350) is 49 % less than Connecticut’s ($6,575). |
| Real‑estate investors | Investment decisions that factor in property‑tax expense will generally favor Nebraska for properties of comparable value. |
| Policymakers and analysts | The data illustrate how differing tax rates interact with median home values and household incomes across states. |
Summary
Based on the most recent ACS estimates, Nebraska’s effective property‑tax rate of 1.50 % is lower than Connecticut’s 1.92 %. This rate gap results in a measurable reduction in annual property‑tax payments for homes valued at $250 k and $500 k. The comparison is most pertinent to homeowners, prospective buyers, retirees, and investors who consider property‑tax costs a significant component of overall housing affordability.
Source: U.S. Census Bureau, 2023 American Community Survey (5‑year estimates).
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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.