Benson, Arizona Property Taxes
The median property tax rate in Benson, AZ is 1.12%, considerably higher than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Benson at $91,779, the typical annual property tax bill reaches $950, which is below the national median of $2,690. Property taxes in Benson are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Benson'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 Benson 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
Benson, Arizona Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,028
$954
Ownwell’s Benson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Benson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Benson 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 Benson, Arizona
Property taxes in Benson, Arizona, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Benson is 0.67%, which is lower than both the Arizona state median of 0.72% and the U.S. national median of 0.99%. Local government entities within Benson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Benson 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 Benson's effective property tax rate to other counties in Arizona and the national median. For comparison, 85602 has the highest median property tax rate of 0.67%, while 85602 also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Benson provides valuable insights into the varying tax landscape across Cochise County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Benson Tax Rate
1.12%
Average Pima County Tax Rate
0.81%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Benson, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85602 | 0.62% | 0.85% | 1.12% | 1.37% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Benson, Arizona
In Benson, Arizona, 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 local appraisal district 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 Benson, 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 Benson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Benson is $91,779, with tax bills ranging from $537 at the 25th percentile to $2,593 at the 90th percentile. The zip code 85602 has both the highest and lowest median tax bill, valued at $950.
Average Benson Assessed Value
$91,779
Average Pima County Assessed Value
$262,759
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Benson, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85602 | $22,692 | $44,792 | $91,779 | $162,897 | $312,348 |
Source: Ownwell
Property Tax Bills Across Benson, Arizona
In Benson, located in Pima County, AZ, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Benson is $91,779. Property taxes are determined by multiplying the assessed value by the local tax rate. The tax rate in this area is subject to variations based on municipal budgets and school district requirements. Several factors influence the final tax bill, including property location, home size, and any applicable exemptions. For instance, the 25th percentile tax bill is $537, while the 75th percentile tax bill reaches up to $1,581, and the 90th percentile tax bill can be as high as $2,593. This range indicates that homeowners with higher-valued properties or fewer exemptions will face higher tax bills. Comparatively, the national median property tax rate is 0.99%, positioning Benson's property taxes as relatively moderate, which can be a significant consideration for current and prospective homeowners.
Average Benson Tax Bill
$950
Average Pima County Tax Bill
$2,088
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Benson, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85602 | $283 | $537 | $950 | $1,581 | $2,593 |
Source: Ownwell