Florida vs Nebraska
Property‑Tax Comparison: Florida vs. Nebraska
Introduction
Both Florida and Nebraska 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), the two states differ substantially in effective tax rates, median home values, and median household incomes. The figures below provide a side‑by‑side view of the key metrics that affect homeowners and other property owners.
Side‑by‑Side Comparison
| Metric (2023 ACS) | Florida | Nebraska |
|---|---|---|
| Effective property tax rate | 0.79 % | 1.50 % |
| Median home value | $325,000 | $223,800 |
| Median annual property tax | $2,555 | $3,350 |
| Property tax on a $250,000 home | $1,966 | $3,742 |
| Property tax on a $500,000 home | $3,931 | $7,485 |
| Median household income | $71,711 | $74,985 |
Sources: Florida property tax, Nebraska property tax. All figures are drawn from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which State Has the Lower Property‑Tax Burden?
Winner (lower tax rate): Florida
- Tax‑rate difference: 0.71 percentage points, which is a 47.48 % lower effective rate than Nebraska’s 1.50 % rate.
- Annual tax difference on a $250,000 home: $1,776 less in Florida ($1,966 vs. $3,742).
- Annual tax difference on a $500,000 home: $3,554 less in Florida ($3,931 vs. $7,485).
Based on the lower effective property‑tax rate, Florida provides a less expensive property‑tax environment than Nebraska for comparable home values.
Who Is This Comparison Most Relevant For?
| Audience | Relevance of the Comparison |
|---|---|
| Current or prospective homeowners | The table shows how the same property value translates into different tax liabilities in each state, which can affect budgeting and affordability decisions. |
| Retirees and fixed‑income households | Lower property taxes can reduce overall cost of living; Florida’s lower rate may be advantageous, though other cost‑of‑living factors are not addressed here. |
| Real‑estate investors | Understanding the tax burden per dollar of home value helps assess after‑tax returns on property investments in each jurisdiction. |
| Policy analysts | The data illustrate how state‑level tax structures differ, offering a basis for further analysis of fiscal policy impacts. |
The comparison is strictly limited to property‑tax metrics and median household income; it does not account for other taxes (e.g., sales or income tax), housing market dynamics, or cost‑of‑living variations.
Sources
- U.S. Census Bureau, 2023 American Community Survey (5‑year estimates).
The ACS provides the effective property‑tax rates, median home values, and median household incomes used in this analysis.
All figures are presented as reported by the ACS and are accurate to the extent of the source data.
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.