Connecticut vs South Dakota
South Dakota
Property‑Tax Comparison: Connecticut vs. South Dakota
Quick overview – Both Connecticut and South Dakota levy local property taxes that fund schools, roads, and other services. According to the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates), South Dakota’s effective property‑tax rate is substantially lower than Connecticut’s, which translates into lower annual taxes for comparable home values.
Side‑by‑side metrics
| Metric | Connecticut | South Dakota |
|---|---|---|
| Effective property‑tax rate | 1.92 % | 1.09 % |
| Median home value | $343,200 | $236,800 |
| Median annual property tax | $6,575 | $2,590 |
| Property tax on a $250,000 home | $4,789 | $2,735 |
| Property tax on a $500,000 home | $9,579 | $5,469 |
| Median household income | $93,760 | $72,421 |
Sources: All figures are drawn from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).
Which state “wins” on property tax?
Winner (lower tax rate): South Dakota
- Rate difference: 1.92 % – 1.09 % = 0.82 percentage points, which is a 42.91 % lower effective rate in South Dakota.
- Annual tax difference on a $250k home: $4,789 – $2,735 = $2,054 less in South Dakota.
- Annual tax difference on a $500k home: $9,579 – $5,469 = $4,110 less in South Dakota.
Because the effective tax rate is the primary driver of annual liability, South Dakota’s lower rate results in consistently lower property‑tax bills across the home‑price spectrum.
Who might benefit most from this comparison?
| Audience | Relevance of the comparison |
|---|---|
| Current or prospective homeowners | Lower effective rates and lower median taxes in South Dakota reduce the ongoing cost of homeownership, especially for buyers of higher‑priced properties. |
| Retirees and fixed‑income households | Reduced property‑tax obligations can lessen the overall cost of living, making South Dakota potentially more affordable for those on a fixed income. |
| Real‑estate investors | Lower tax burdens improve net operating income and cash flow for rental properties. |
| Policymakers and analysts | The data provide a clear illustration of how state‑level tax structures differ, useful for comparative fiscal studies. |
The comparison does not address other tax categories (e.g., income or sales tax) or non‑tax factors such as climate, employment opportunities, or public services. Decision‑makers should consider those elements alongside property‑tax information.
References
- According to the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates), the figures above represent the most recent publicly available data on property taxes for both states.
- For more detailed state‑specific information, see the internal pages: Connecticut property tax and South Dakota property tax.
Based on the most recent ACS estimates, South Dakota’s lower effective property‑tax rate yields a measurable tax‑saving advantage over Connecticut for typical homeowners.
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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.