Connecticut vs Oklahoma
Property‑Tax Comparison: Connecticut vs. Oklahoma
Brief Overview
Both Connecticut and Oklahoma 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 substantially higher than Oklahoma’s. The difference in rates translates into markedly different annual tax bills for comparable home values.
Side‑by‑Side Metrics
| Metric | Connecticut | Oklahoma |
|---|---|---|
| Effective property‑tax rate | 1.92 % | 0.82 % |
| Median home value | $343,200 | $185,900 |
| Median annual property tax | $6,575 | $1,520 |
| Tax on a $250,000 home | $4,789 | $2,044 |
| Tax on a $500,000 home | $9,579 | $4,088 |
| Median household income | $93,760 | $63,603 |
Source: According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which State Has the Lower Property‑Tax Burden?
- Winner (lower rate): Oklahoma
- Rate difference: 1.10 percentage points, representing a 57.32 % lower effective rate than Connecticut.
Tax‑bill impact on typical home values
| Home value | Annual tax in Connecticut | Annual tax in Oklahoma | Difference (Connecticut – Oklahoma) |
|---|---|---|---|
| $250,000 | $4,789 | $2,044 | $2,745 |
| $500,000 | $9,579 | $4,088 | $5,491 |
Based on the most recent ACS estimates, Oklahoma’s lower effective rate produces substantially smaller yearly property‑tax obligations for the same home price, making it the “winner” in a pure tax‑rate comparison.
Who Might Benefit Most from This Comparison?
| Audience | Relevance of the Comparison |
|---|---|
| Current homeowners | Understanding how a change of residence could affect annual tax costs. |
| Prospective homebuyers | Evaluating affordability of housing when property‑tax expenses are included. |
| Retirees | Assessing the impact of property taxes on fixed‑income budgets. |
| Real‑estate investors | Comparing after‑tax cash flow expectations across states. |
| Policy analysts | Using the data to examine fiscal policy differences between high‑tax and low‑tax jurisdictions. |
The information is factual and does not constitute financial advice; readers should consider additional factors such as state income taxes, cost of living, and local services when making relocation or investment decisions.
Further Reading
- Detailed information on Connecticut’s property‑tax structure: Connecticut property tax
- Detailed information on Oklahoma’s property‑tax structure: Oklahoma property tax
All figures are derived from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates) and reflect median values and rates at the state level.
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.