District Of Columbia vs Wyoming
District of Columbia
Property‑Tax Comparison: District of Columbia vs. Wyoming
Short introduction
Both the District of Columbia (DC) and Wyoming have an effective property‑tax rate of 0.58 % according to the most recent U.S. Census Bureau data. Despite the identical rates, the two jurisdictions differ markedly in median home values, median household incomes, and the resulting median annual property‑tax bills. The table below presents the key metrics side by side.
Side‑by‑side comparison
| Metric | District of Columbia | Wyoming |
|---|---|---|
| Effective property‑tax rate | 0.58 % | 0.58 % |
| Median home value | $724,600 | $285,100 |
| Median annual property tax | $4,180 | $1,659 |
| Tax on a $250,000 home* | $1,442 | $1,455 |
| Tax on a $500,000 home* | $2,885 | $2,909 |
| Median household income | $106,287 | $74,815 |
*Calculated using the effective tax rate of 0.58 %.
Sources: According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Who “wins” on property tax?
Based on the lower effective property‑tax rate, the District of Columbia is identified as the winner in this comparison. The cited difference is 0.01 %, which translates to an annual tax difference of $13 on a $250,000 home and $24 on a $500,000 home when using the 0.58 % rate for both jurisdictions.
Why the difference matters
Even though the rates are the same to two decimal places, the small variation (0.01 %) produces a modest but measurable reduction in tax liability for comparable property values in DC relative to Wyoming.
Which audience benefits most from this comparison?
| Audience | Relevance of the data |
|---|---|
| Current or prospective homeowners | Understanding how property‑tax obligations differ for similar‑priced homes in the two locations. |
| Homebuyers with a fixed budget | Assessing the impact of property taxes on overall housing costs, especially when median home values vary widely. |
| Retirees considering relocation | Comparing tax burden alongside median household income to gauge affordability. |
| Real‑estate investors | Evaluating the relative tax cost per dollar of property value in each jurisdiction. |
The comparison is factual and does not prescribe a particular course of action; it simply presents the tax metrics that may influence financial planning for the groups listed above.
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All figures are derived from the 2023 ACS 5‑year estimates released by the U.S. Census Bureau.
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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.