District Of Columbia vs Nevada
District of Columbia
Property‑Tax Comparison: District of Columbia vs. Nevada
Overview
Both the District of Columbia (DC) and Nevada levy property taxes on real‑estate owners, but the rates and resulting payments differ. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Nevada’s effective property‑tax rate is lower than DC’s, leading to smaller annual tax bills for comparable home values.
Side‑by‑Side Metrics
| Metric | District of Columbia | Nevada |
|---|---|---|
| Effective property‑tax rate | 0.58 % | 0.49 % |
| Median home value | $724,600 | $406,100 |
| Median annual property tax | $4,180 | $1,970 |
| Property tax on a $250,000 home | $1,442 | $1,213 |
| Property tax on a $500,000 home | $2,885 | $2,425 |
| Median household income | $106,287 | $75,561 |
Sources: District of Columbia property tax and Nevada property tax; data drawn from the U.S. Census Bureau's 2023 ACS (5‑year).
Which Jurisdiction Has the Lower Tax Burden?
- Winner (lower rate): Nevada
- Rate difference: 0.09 percentage points (Nevada’s 0.49 % vs. DC’s 0.58 %), which is a 15.91 % relative reduction.
- Annual tax difference on a $250k home: $1,442 – $1,213 = $229 lower in Nevada.
- Annual tax difference on a $500k home: $2,885 – $2,425 = $460 lower in Nevada.
Explanation: The effective property‑tax rate directly determines the amount of tax owed per dollar of assessed value. Because Nevada’s rate (0.49 %) is 0.09 % points lower than DC’s (0.58 %), owners of similarly valued properties pay less tax each year in Nevada.
Who Might Benefit Most from This Comparison?
| Audience | Relevance of the Comparison |
|---|---|
| Current homeowners | Understanding the ongoing tax cost of keeping a home in either jurisdiction. |
| Prospective homebuyers | Estimating future property‑tax expenses when evaluating purchase locations. |
| Retirees and fixed‑income households | Assessing the affordability of housing taxes relative to median household income in each area. |
| Real‑estate investors | Comparing tax liabilities that affect cash‑flow projections for rental or resale properties. |
The data are purely quantitative; they do not account for other fiscal factors such as state income taxes, sales taxes, or local service levels, which may also influence individual decisions.
Summary
Based on the most recent ACS estimates, Nevada’s effective property‑tax rate (0.49 %) is lower than that of the District of Columbia (0.58 %). Consequently, Nevada owners face smaller annual property‑tax payments for homes valued at $250 k and $500 k. The comparison is most useful for homeowners, prospective buyers, retirees, and investors who need to incorporate property‑tax costs into their financial planning.
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.