Benton, Pennsylvania Property Taxes
The median property tax rate in Benton, PA is 1.19%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Benton, the typical annual property tax bill reaches $1,149, exceeding the national median of $2,690. Property taxes in Benton are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Benton’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Benton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Benton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,147
Ownwell’s Benton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Benton with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Benton to project your property tax bill. This invaluable tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, forms the basis for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Benton, Pennsylvania
Property taxes in Benton, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Benton is 1.19%, which is higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Benton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Benton estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Benton’s effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17814 has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Benton provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Benton Tax Rate
1.19%
Average Sullivan County Tax Rate
1.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Benton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17814 | 1.19% | 1.19% | 1.19% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Benton, Pennsylvania
In Benton, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Sullivan County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Benton, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Notably, the zip code 17814 has both the highest and lowest median tax bill, which is $1,149. Being aware of these valuation processes in Benton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Benton Assessed Value
$96,348
Average Sullivan County Assessed Value
$127,680
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Benton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17814 | $26,981 | $50,106 | $96,348 | $293,076 | $422,470 |
Source: Ownwell
Property Tax Bills Across Benton, Pennsylvania
In Benton, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the home's size, location, and market conditions influence its assessed value. For homeowners in Benton, the median home price is $96,348. Property tax bills can vary significantly within the area, with the 25th percentile tax bill at $597 and the 75th percentile reaching $3,657. At the higher end, the 90th percentile tax bill can go up to $5,283. These figures illustrate the range of property tax obligations that homeowners may face, depending on their property's assessed value and the specific tax rate applied. The highest and lowest median tax bills in the county are both recorded at $1,149, indicating some consistency within the region. Compared to the national median property tax rate of 0.99%, Benton’s tax rates and bills reflect the local economic and market conditions, impacting how much homeowners pay annually.
Average Benton Tax Bill
$1,149
Average Sullivan County Tax Bill
$1,552
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Benton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17814 | $322 | $597 | $1,149 | $3,657 | $5,283 |
Source: Ownwell