Connecticut vs North Carolina
North Carolina
Connecticut vs. North Carolina Property Taxes
Intro
Both Connecticut and North Carolina levy property taxes that fund local services such as schools, public safety, and infrastructure. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), the two states differ markedly in effective tax rates, median home values, and the resulting annual tax bills. This article presents the key figures side‑by‑side, identifies which state has the lower property tax burden, and notes the types of homeowners for whom the comparison may be most relevant.
Side‑by‑Side Comparison
| Metric | Connecticut | North Carolina |
|---|---|---|
| Effective property tax rate | 1.92 % | 0.70 % |
| Median home value | $343,200 | $259,400 |
| Median annual property tax | $6,575 | $1,815 |
| Property tax on a $250,000 home | $4,789 | $1,749 |
| Property tax on a $500,000 home | $9,579 | $3,499 |
| Median household income | $93,760 | $69,904 |
| Data source | U.S. Census Bureau, 2023 ACS (5‑year) | U.S. Census Bureau, 2023 ACS (5-year) |
| Internal link | Connecticut property tax | North Carolina property tax |
All dollar amounts are median values derived from the 2023 ACS 5‑year estimates.
Which State “Wins” on Property Tax?
Based on the effective property tax rate, North Carolina has the lower burden (0.70 % vs. 1.92 %). The rate difference is 1.22 percentage points, which represents a 63.48 % lower rate in North Carolina.
- Annual tax on a $250,000 home: North Carolina $1,749 vs. Connecticut $4,789 → $3,040 less in North Carolina.
- Annual tax on a $500,000 home: North Carolina $3,499 vs. Connecticut $9,579 → $6,080 less in North Carolina.
Because the effective rate directly determines the tax liability for any given property value, North Carolina “wins” the comparison for lower property taxes.
Who Might Benefit Most From This Comparison?
| Audience | Relevance of the Comparison |
|---|---|
| Current homeowners considering relocation | Understanding the tax differential helps assess the total cost of owning a comparable home in each state. |
| Prospective homebuyers | Median home values and median household incomes provide context for affordability when combined with tax rates. |
| Retirees | Lower property taxes can reduce fixed‑income expenses; North Carolina’s lower rate may be more attractive if other cost‑of‑living factors align. |
| Investors | Property tax rates affect cash‑flow projections; a lower rate in North Carolina can improve net operating income for rental properties. |
| Policy analysts | The data illustrate how state‑level tax structures vary, useful for comparative fiscal studies. |
The comparison is factual and does not incorporate other cost‑of‑living elements such as sales taxes, income taxes, or housing market trends. Users should weigh those additional factors alongside the property tax information presented here.
References
- According to U.S. Census Bureau data (2023 American Community Survey, 5‑year estimates), the figures above reflect median values for each state.
Prepared in markdown format for easy integration into web content.
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.