Benton, California Property Taxes
The median property tax rate in Benton, CA is 1.03%, slightly above the national median of 0.99% but below the California state median of 1.21%. With a median home value of $151,073 in Benton, the typical annual property tax bill amounts to $1,394, which is lower than the national median of $2,690. Property taxes in Benton are determined based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Benton's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Benton or another part of Mono County, gaining insight into the local property tax system will prove beneficial.
Last Updated June 14, 2024
Benton, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,556
$1,470
Ownwell’s Benton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Benton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Benton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Benton, California
Property taxes in Benton, California, 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 1.03%, which is higher than 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 areas in California and the national median. For comparison, the zip code 93512 has both the highest and lowest median property tax rate of 1.03%, indicating uniformity in the tax rates within this region. Understanding how these cities compare with Benton provides valuable insights into the varying tax landscape across Mono County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Benton Tax Rate
1.03%
Average Mono County Tax Rate
1.14%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Benton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93512 | 0.96% | 1.03% | 1.03% | 1.09% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Benton, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Benton, CA. 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 Mono County Assessor 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. Being aware of these valuation processes in Benton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 93512, with a median tax bill of $1,394.
Average Benton Assessed Value
$151,073
Average Mono County Assessed Value
$402,900
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Benton, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93512 | $54,182 | $84,388 | $151,073 | $272,071 | $379,245 |
Source: Ownwell
Property Tax Bills Across Benton, California
In Benton, property tax bills are calculated based on the assessed value of a home, which is determined by the Mono County Assessor's Office. The assessed value is typically a percentage of the market value, and this figure is then multiplied by the local property tax rate. For Benton, the median home price is $151,073. Homeowners in Benton can expect their annual property tax bills to vary significantly. For instance, the 25th percentile tax bill is about $843, while the 75th percentile reaches $2,559. At the 90th percentile, homeowners may see tax bills as high as $3,576. The property tax rate in Benton is influenced by various factors, including local government budgets, school funding needs, and public service requirements. Compared to the national median property tax rate of 0.99%, Benton’s tax rates can result in varying financial impacts on homeowners. Those with higher-assessed properties, particularly in the highest median tax bill zip code of 93512, may face more substantial tax obligations. Understanding these factors helps homeowners plan better for their annual property tax expenses.
Average Benton Tax Bill
$1,394
Average Mono County Tax Bill
$4,319
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Benton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93512 | $555 | $843 | $1,394 | $2,559 | $3,576 |
Source: Ownwell