Connecticut vs Vermont
Property Tax Comparison: Connecticut vs. Vermont
Intro
Both Connecticut and Vermont impose property taxes that are among the higher rates in the United States. Using the most recent data from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates), this article compares the effective property‑tax rates, median home values, median annual taxes, and related income figures for the two states.
Side‑by‑Side Comparison of Key Metrics
| Metric | Connecticut | Vermont |
|---|---|---|
| Effective property‑tax rate | 1.92 % | 1.71 % |
| Median home value | $343,200 | $290,500 |
| Median annual property tax | $6,575 | $4,956 |
| Property tax on a $250,000 home | $4,789 | $4,265 |
| Property tax on a $500,000 home | $9,579 | $8,530 |
| Median household income | $93,760 | $78,024 |
All figures are taken from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).
Which State Has the Lower Property‑Tax Burden?
Winner (lower effective tax rate): Vermont
- Rate difference: 0.21 percentage points, which is a 10.95 % lower rate in Vermont compared with Connecticut.
- Annual tax difference on a $250,000 home: $524 less in Vermont.
- Annual tax difference on a $500,000 home: $1,049 less in Vermont.
Because the effective tax rate is the primary factor that determines the amount of tax owed relative to property value, Vermont’s lower rate translates into lower annual property‑tax bills for comparable home values.
Who Might Find This Comparison Most Relevant?
| Audience | Relevance of the Comparison |
|---|---|
| Current homeowners | Understanding how their tax burden compares across state lines can inform decisions about relocation or refinancing. |
| Prospective homebuyers | The effective tax rate and median tax amounts affect total housing costs and should be considered alongside home price and income levels. |
| Retirees | Property taxes are a significant component of fixed‑income budgeting; a lower tax rate may make one state more financially sustainable. |
| Real‑estate professionals | Accurate, data‑based tax information aids in advising clients on the total cost of ownership. |
The data are purely descriptive; they do not account for other fiscal factors such as state income taxes, sales taxes, or local service levels, which may also influence a homeowner’s overall cost of living.
Sources
- According to the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates), the effective property‑tax rates, median home values, and median household incomes are as listed above.
- For more detailed state‑specific information, see the internal pages: Connecticut property tax and Vermont property tax.
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.