Connecticut vs Ohio
Property‑Tax Comparison: Connecticut vs. Ohio
Introduction
Both Connecticut and Ohio levy property taxes that fund local services such as schools, roads, and public safety. Using the most recent data from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates), the two states differ noticeably in effective tax rates, median home values, and the resulting annual tax bills. The following tables and analysis present those differences side‑by‑side.
Key Metrics (2023 ACS)
| Metric | Connecticut | Ohio |
|---|---|---|
| Effective property‑tax rate | 1.92 % | 1.36 % |
| Median home value | $343,200 | $199,200 |
| Median annual property tax | $6,575 | $2,712 |
| Property tax on a $250,000 home | $4,789 | $3,404 |
| Property tax on a $500,000 home | $9,579 | $6,807 |
| Median household income | $93,760 | $69,680 |
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 tax rate): Ohio – 1.36 % vs. Connecticut’s 1.92 %.
- Rate difference: 0.55 percentage points, which is a 28.94 % lower effective rate in Ohio.
- Annual tax difference on a $250,000 home: $1,385 less in Ohio ($4,789 – $3,404).
- Annual tax difference on a $500,000 home: $2,772 less in Ohio ($9,579 – $6,807).
The lower effective tax rate in Ohio translates into smaller yearly property‑tax payments across comparable home values, making Ohio the state with the lower property‑tax burden according to the data.
Relevance for Different Audiences
| Audience | Implications of the Comparison |
|---|---|
| Current homeowners | Homeowners evaluating a move can use the effective tax rate and median tax amounts to estimate post‑purchase expenses. Ohio’s lower rates may reduce annual outlays. |
| Prospective homebuyers | Buyers of homes priced around $250 k–$500 k will see a tangible difference in tax bills, as illustrated by the per‑home‑value calculations. |
| Retirees | Retirees often rely on fixed incomes; the lower median property tax in Ohio ($2,712) may be more manageable than Connecticut’s median ($6,575). |
| Real‑estate investors | Investors comparing cash‑flow potential should factor the effective tax rate; a 0.55 % lower rate in Ohio can improve net returns on rental properties. |
| Policy analysts | The data highlight how state‑level tax structures interact with median home values and household incomes, useful for comparative fiscal studies. |
Additional Resources
- Detailed information on Connecticut’s property‑tax system: Connecticut property tax
- Detailed information on Ohio’s property‑tax system: Ohio property tax
Summary
Based on the most recent ACS estimates, Ohio’s effective property‑tax rate (1.36 %) is lower than Connecticut’s (1.92 %). This results in consistently lower annual property‑tax payments for comparable home values, a factor that may be especially relevant for homeowners, retirees, and investors who prioritize tax efficiency.
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.