Florida vs New Hampshire
Property Tax Comparison: Florida vs. New Hampshire
Quick overview – Based on the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates), Florida’s effective property‑tax rate is 0.79 %, while New Hampshire’s is 1.77 %. The lower rate makes Florida the “winner” in a straight tax‑rate comparison. The table below presents the key metrics used in the analysis.
Side‑by‑side metrics
| Metric (2023 ACS) | Florida | New Hampshire |
|---|---|---|
| Effective property‑tax rate | 0.79 % | 1.77 % |
| Median home value | $325,000 | $367,200 |
| Median annual property tax | $2,555 | $6,505 |
| Property tax on a $250,000 home | $1,966 | $4,429 |
| Property tax on a $500,000 home | $3,931 | $8,858 |
| Median household income | $71,711 | $95,628 |
| Internal link – Florida | Florida property tax | |
| Internal link – New Hampshire | New Hampshire property tax |
Which state “wins” on property tax?
- Winner (lower tax rate): Florida – its effective property‑tax rate of 0.79 % is 0.99 percentage points lower than New Hampshire’s 1.77 %.
- Relative difference: The rate gap represents a 55.6 % lower effective rate in Florida.
- Annual tax impact:
- On a $250,000 home, Florida’s tax ($1,966) is $2,463 less than New Hampshire’s ($4,429).
- On a $500,000 home, the difference widens to $4,927 (Florida $3,931 vs. New Hampshire $8,858).
The lower effective rate and resulting lower dollar amounts mean that, purely from a property‑tax standpoint, Florida imposes a smaller fiscal burden on homeowners.
Who is likely to benefit most from this comparison?
| Audience | Relevance of the comparison |
|---|---|
| Current homeowners | May use the data to assess ongoing property‑tax costs if they are considering relocating. |
| Prospective homebuyers | The tax differential can affect affordability calculations, especially for buyers of $250k‑$500k homes. |
| Retirees | Since many retirees are sensitive to fixed‑income budgets, the lower tax burden in Florida could be a material factor. |
| Real‑estate investors | The disparity in effective tax rates influences cash‑flow projections and total cost of ownership. |
| Policy analysts | Provides a baseline for evaluating state‑level tax policy and its impact on household finances. |
All of the figures above are drawn directly from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates). The analysis does not consider other tax categories (e.g., income or sales tax) or non‑tax cost of living differences, which may also influence relocation decisions.
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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.