Connecticut vs Texas
Property Tax Comparison: Connecticut vs. Texas
Intro
Both Connecticut and Texas levy property taxes that fund local services such as schools, police, and infrastructure. The two states differ in assessed values, tax rates, and household incomes. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Texas has a lower effective property‑tax rate than Connecticut, which results in lower annual property‑tax payments for comparable home values.
Side‑by‑Side Metrics
| Metric | Connecticut | Texas |
|---|---|---|
| Effective property‑tax rate | 1.92 % | 1.58 % |
| Median home value | $343,200 | $260,400 |
| Median annual property tax | $6,575 | $4,111 |
| Property tax on a $250,000 home | $4,789 | $3,947 |
| Property tax on a $500,000 home | $9,579 | $7,893 |
| Median household income | $93,760 | $76,292 |
Sources: According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which State “Wins” on Property Tax
Winner (lower tax rate): Texas
- Rate difference: 0.34 % (Texas is 0.34 % points lower than Connecticut).
- Relative difference: 17.60 % lower rate in Texas.
- Annual tax difference on a $250,000 home: $842 less in Texas.
- Annual tax difference on a $500,000 home: $1,686 less in Texas.
The lower effective tax rate in Texas translates directly into lower annual property‑tax bills for homeowners at the same assessed value, making Texas the “winner” in a pure tax‑rate comparison.
Who May Benefit Most from This Comparison
| Audience | Relevance of the Comparison |
|---|---|
| Current or prospective homeowners | Lower annual tax payments in Texas can reduce the cost of homeownership relative to Connecticut, especially for buyers of mid‑range to high‑value properties. |
| Retirees | Property‑tax burden is a major expense in retirement budgeting; Texas’ lower rates may allow retirees to stretch fixed incomes further than in Connecticut. |
| Real‑estate investors | Investors evaluating cash‑flow scenarios will see lower property‑tax expenses in Texas, which can affect net operating income calculations. |
| Policy analysts | The data illustrate how differing tax structures and home values impact overall tax revenue per household. |
The comparison is factual and does not constitute financial advice; individual decisions should also consider other factors such as income tax, cost of living, and local services.
Additional Resources
- Detailed information on Connecticut’s property‑tax system: Connecticut property tax
- Detailed information on Texas’s property‑tax system: Texas property tax
Based on the most recent ACS estimates, the figures above reflect median values and may not represent specific local jurisdictions within 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.