Florida vs North Dakota
Property Tax Comparison: Florida vs. North Dakota
Based on the most recent ACS estimates (U.S. Census Bureau's 2023 American Community Survey, 5‑year), the following data summarize the effective property‑tax rates and related metrics for the two states.
Side‑by‑side comparison
| Metric | Florida | North Dakota |
|---|---|---|
| Effective property‑tax rate | 0.79 % | 0.99 % |
| Median home value | $325,000 | $241,100 |
| Median annual property tax | $2,555 | $2,392 |
| Property tax on a $250,000 home | $1,966 | $2,480 |
| Property tax on a $500,000 home | $3,931 | $4,961 |
| Median household income | $71,711 | $75,949 |
All figures are taken 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 – its effective property‑tax rate of 0.79 % is lower than North Dakota’s 0.99 %.
- Tax‑rate difference: 0.21 percentage points, representing a 20.75 % lower rate in Florida.
- Annual tax difference on a $250,000 home: $514 less in Florida ($1,966 vs. $2,480).
- Annual tax difference on a $500,000 home: $1,030 less in Florida ($3,931 vs. $4,961).
The lower effective rate in Florida results directly from the state’s assessment practices and the relative level of local taxing authority, while North Dakota’s higher rate reflects its reliance on property taxes to fund local services.
Who benefits most from this comparison?
| Audience | Relevance of the comparison |
|---|---|
| Current homeowners | Knowing the effective tax rate helps assess ongoing costs when buying or refinancing a home. |
| Prospective homebuyers | The tax differences influence the total cost of ownership for comparable‑priced properties. |
| Retirees and fixed‑income households | Lower property taxes can reduce the cash‑flow burden, especially when combined with median household income data. |
| Real‑estate investors | Understanding the tax environment is essential for evaluating net‑return expectations across states. |
| Policy analysts | The data illustrate how state‑level tax structures vary relative to income and home‑value levels. |
Additional context
- Income considerations: Although Florida’s median household income ($71,711) is slightly lower than North Dakota’s ($75,949), the property‑tax savings in Florida may offset the income gap for many residents.
- Home‑value differences: Florida’s median home value is higher ($325,000 vs. $241,100), which means that even with a lower rate, the absolute tax paid by the median homeowner is comparable to North Dakota’s median tax payment.
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Conclusion
According to U.S. Census Bureau data, Florida’s effective property‑tax rate of 0.79 % is lower than North Dakota’s 0.99 %, making Florida the winner in a direct tax‑rate comparison. The lower rate translates into measurable annual savings for homeowners on typical property values, which may be especially pertinent for current homeowners, prospective buyers, retirees, and investors evaluating total housing costs in each state.
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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.