Connecticut vs Tennessee
Property‑Tax Comparison: Connecticut vs. Tennessee
Intro
Both Connecticut and Tennessee 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 more than three times that of Tennessee. The following sections present the key metrics side by side, identify which state has the lower rate, and discuss the types of taxpayers for whom the comparison is most relevant.
Side‑by‑Side Metrics
| Metric | Connecticut | Tennessee |
|---|---|---|
| Effective property‑tax rate | 1.92 % | 0.55 % |
| Median home value | $343,200 | $256,800 |
| Median annual property tax | $6,575 | $1,400 |
| Property tax on a $250,000 home | $4,789 | $1,363 |
| Property tax on a $500,000 home | $9,579 | $2,726 |
| Median household income | $93,760 | $67,097 |
Sources: “According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).”
Who Wins on Property‑Tax Burden?
Winner (lower tax rate): Tennessee
- Rate difference: 1.92 % – 0.55 % = 1.37 percentage points.
- Relative difference: 1.37 % ÷ 1.92 % ≈ 71.5 % lower than Connecticut’s rate.
Annual tax impact (illustrative home values)
| Home value | Connecticut tax | Tennessee tax | Difference (Tennessee lower) |
|---|---|---|---|
| $250,000 | $4,789 | $1,363 | $3,426 |
| $500,000 | $9,579 | $2,726 | $6,853 |
Based on the most recent ACS estimates, Tennessee’s property‑tax burden is substantially lower both as a percentage of home value and in absolute dollars for comparable properties.
Which Audiences Might Find This Comparison Most Useful?
| Audience | Relevance of the Comparison |
|---|---|
| Current homeowners | Understanding how a change of residence could affect annual tax expenses. |
| Prospective homebuyers | Evaluating total cost of ownership when comparing homes in the two states. |
| Retirees | Many retirees are sensitive to fixed‑income budgets; lower property taxes can influence relocation decisions. |
| Real‑estate investors | Property‑tax rates directly affect cash‑flow projections and investment returns. |
| Policy analysts | The data illustrate how state‑level tax policy translates into household‑level costs. |
The comparison is purely quantitative; it does not consider other fiscal factors such as income‑tax rates, sales taxes, or the level of public services provided.
Further Reading
All figures are drawn from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates) and reflect median values for each state.
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.