Connecticut vs New Hampshire
New Hampshire
Property Tax Comparison: Connecticut vs. New Hampshire
Intro
Both Connecticut and New Hampshire levy property taxes that are among the highest in the United States. Using the most recent data from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates), the two states can be compared on effective tax rates, median home values, median annual tax bills, and household income. The comparison highlights which state imposes a lower property tax burden and identifies the groups of residents for whom the difference may be most relevant.
Side‑by‑Side Comparison
| Metric | Connecticut | New Hampshire |
|---|---|---|
| Effective property tax rate | 1.92 % | 1.77 % |
| Median home value | $343,200 | $367,200 |
| Median annual property tax | $6,575 | $6,505 |
| Property tax on a $250,000 home | $4,789 | $4,429 |
| Property tax on a $500,000 home | $9,579 | $8,858 |
| Median household income | $93,760 | $95,628 |
| Internal link | Connecticut property tax | New Hampshire property tax |
All figures are based on the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Who Wins?
New Hampshire records the lower effective property tax rate at 1.77 % compared with Connecticut’s 1.92 %.
- Rate difference: 0.14 percentage points, which represents a 7.53 % lower rate in New Hampshire.
- Annual tax impact on a $250,000 home: New Hampshire residents pay $360 less per year ($4,429 vs. $4,789).
- Annual tax impact on a $500,000 home: The difference widens to $721 per year ($8,858 vs. $9,579).
Because the rate is lower, New Hampshire consistently yields a smaller property‑tax liability across the median home values and the two price points presented.
Which Audiences Are Most Affected?
| Audience | Relevance of the Difference |
|---|---|
| Current homeowners | Existing owners of homes valued near the median will see a modest reduction in annual tax bills in New Hampshire (approximately $360–$721 less). |
| Prospective homebuyers | Buyers comparing the total cost of ownership should factor in the lower tax rate in New Hampshire, especially when evaluating similar‑priced properties. |
| Retirees on fixed incomes | A lower annual property tax can help stretch fixed retirement income, making New Hampshire marginally more favorable in this regard. |
| Investors and landlords | Lower tax rates can improve net operating income on rental properties; the benefit is proportional to property value. |
| Low‑income households | Since both states have median household incomes above $90,000, the absolute tax savings are relatively small for low‑income families, but the lower rate still reduces the overall tax burden. |
Overall, the comparison is most useful for individuals or families evaluating the ongoing cost of homeownership, particularly those for whom property tax expense constitutes a significant portion of their budget.
Summary
According to U.S. Census Bureau data, New Hampshire’s effective property tax rate of 1.77 % is lower than Connecticut’s 1.92 %, resulting in modest but measurable annual savings for homeowners at typical price points. The difference is most relevant for current and prospective homeowners, retirees, and property investors who consider total cost of ownership in their decision‑making.
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.