Tax Comparison: New haven, CT vs Fort dodge, IA
Understanding Your Tax Burden
This page compares the three main types of taxes between New haven, CT and Fort dodge, IA: property tax, income tax, and sales tax. Each of these has a different impact on your overall cost of living.
Property Tax Comparison
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services. They're typically based on the assessed value of your property.
Our property tax estimates are based on:
- U.S. median home value: $419,200 (2023 data)
- Local effective tax rates for both cities
New haven, CT
$8,921
Based on a $419,200 home
Rate: 2.1280%
Fort dodge, IA
$6,196
Based on a $419,200 home
Rate: 1.4780%
| Data | New haven, CT | Fort dodge, IA |
|---|---|---|
| Effective Property Tax Rate | 2.1280% | 1.4780% |
| Estimated Property Tax | $8,921 | $6,196 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Fort dodge, IA are $2,725 lower than in New haven, CT for the same home value.
State Income Tax Comparison
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The estimates below are based on standard deductions and typical filing scenarios.
Our income tax estimates consider:
- Single filer: $100,000 annual income
- Married couple: $200,000 combined income
- Median income: $80,600 annual income
CT
2%-6.99%
Single: $3,800
Married: $6,840
IA
4.4%-5.7%
Single: $3,800
Married: $6,840
| Data | CT | IA |
|---|---|---|
| Tax Rate | 2%-6.99% | 4.4%-5.7% |
| Single Filer ($100k) | $3,800 | $3,800 |
| Married Couple ($200k) | $6,840 | $6,840 |
| Median Income ($80.6k) | $4,837 | $3,061 |
Comparison: Income taxes in IA are $1,776 lower than in CT for the median household income.
Sales Tax Comparison
Sales tax rates vary by location and can have a significant impact on your day-to-day expenses. These include state, county, city, and special district taxes that together form the total sales tax rate.
Our sales tax estimates consider:
- Average household taxable spending: $15,500 per year
- Combined state and local rates for both cities
New haven, CT
6.350%
Combined rate
Annual sales tax: $984
(Based on $15,500 spending)
Fort dodge, IA
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
| Data | New haven, CT | Fort dodge, IA |
|---|---|---|
| State Sales Tax | 6.35% | 6.00% |
| Combined Sales Tax | 6.350% | 8.000% |
| Annual Tax Amount | $984 | $1,240 |
Comparison: Shopping in New haven, CT costs $256 less in annual sales tax than in Fort dodge, IA for the average household.
Tax Comparison Insights
Tax Insights: New haven vs Fort dodge
- Property Tax: Fort dodge has a 0.6500 percentage points lower effective property tax rate than New haven.
- Income Tax: Living in IA could save you approximately $1,776 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in New haven is 1.65 percentage points lower than in Fort dodge.
Overall Tax Burden Comparison
New haven, CT
$14,741
Combined annual tax burden
Property
$8,921
Income
$4,837
Sales
$984
Fort dodge, IA
$10,496
Combined annual tax burden
Property
$6,196
Income
$3,061
Sales
$1,240
Overall Comparison: Fort dodge, IA has an estimated $4,245 lower total tax burden than New haven, CT based on our standard scenarios.
Important Tax Disclaimer
The tax information provided above is based on publicly available data and standard assumptions. Actual tax situations will vary based on:
- Individual financial circumstances
- Applicable deductions and credits
- Recent changes in tax laws
- Personal spending habits
- Local variations within cities and counties
This comparison is intended for general informational purposes only and should not be considered tax advice. For specific guidance regarding your tax situation, please consult with a qualified tax professional.