Connecticut vs Wyoming
Property‑Tax Comparison: Connecticut vs. Wyoming
Overview
Both Connecticut and Wyoming 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 Wyoming’s. The difference in rates translates into markedly different annual tax bills for comparable home values.
Side‑by‑Side Metrics
| Metric | Connecticut | Wyoming |
|---|---|---|
| Effective property‑tax rate | 1.92 % | 0.58 % |
| Median home value | $343,200 | $285,100 |
| Median annual property tax | $6,575 | $1,659 |
| Property tax on a $250,000 home | $4,789 | $1,455 |
| Property tax on a $500,000 home | $9,579 | $2,909 |
| Median household income | $93,760 | $74,815 |
Sources: “According to the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).”
Which State Has the Lower Tax Burden?
- Winner (lower tax rate): Wyoming
- Tax‑rate difference: 1.33 percentage points, representing a 69.63 % lower effective rate in Wyoming.
- Annual tax difference for a $250k home: $3,334 lower in Wyoming.
- Annual tax difference for a $500k home: $6,670 lower in Wyoming.
Why Wyoming wins: The effective property‑tax rate of 0.58 % is less than one‑third of Connecticut’s 1.92 %, producing proportionally lower tax bills across home‑value tiers.
Who Is Likely to Benefit Most from This Comparison?
| Audience | Relevance of the Comparison |
|---|---|
| Current or prospective homeowners | Understanding the ongoing cost of owning a home in each state. |
| Retirees | Property‑tax burden directly affects fixed‑income budgets; lower taxes may make Wyoming more attractive. |
| Real‑estate investors | Tax liability influences cash‑flow calculations; Wyoming offers a lower tax expense per dollar of property value. |
| Policy analysts | The data illustrate how state‑level tax structures vary and impact household finances. |
The comparison is factual and does not advocate for relocation; it simply presents the tax implications derived from the most recent ACS estimates.
Additional Resources
- Detailed information on Connecticut’s property‑tax system: Connecticut property tax
- Detailed information on Wyoming’s property‑tax system: Wyoming property tax
Based on the most recent ACS estimates, the figures above reflect statewide medians and rates and do not account for local variations within each state.
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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.