Example of Benton County Property Tax Calculation
Benton County calculates property taxes annually based on the assessed value of a property. For example, if a property in Benton County has an assessed value of $200,000, the county tax rate of 1.12% would result in an annual property tax bill of $2,240. This amount can be paid in full or divided into installments throughout the year. Property owners may also qualify for certain exemptions or tax credits based on factors such as age, disability, or income level. It is important to note that property tax rates and assessment values are subject to change based on various factors, including local government decisions and market fluctuations.
If you want appeal your property tax assessment - contact your local tax assessor.
Benton County Property Tax Rates
The Benton County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General Fund | 0.9492 |
| Road District Fund | 0.3280 |
| County School Fund | 0.5532 |
| Fire Protection District | 0.1639 |
| Library District | 0.3498 |
| Total | 2.3441 |
These rates are subject to change and should be confirmed with the Benton County tax assessor's office.
Who sets property tax rates in Benton County ?
In Benton County, property tax rates are set by the County Board of Supervisors. This typically occurs once a year during budget hearings. The Board of Supervisors considers various factors, such as the county's revenue needs and property values, when setting the tax rates. The property tax rates are then applied to the assessed value of each property in the county to determine the amount of taxes owed. It is important to note that property tax rates can vary between different areas of the county, such as cities and unincorporated areas.
Homestead exemptions in Benton County ?
Here is the requested table with the four columns (exemption, eligibility, amount, notes) for the various county specific Homestead exemptions and deductions in Benton County, Washington.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Property Tax Exemption for Senior Citizens and Disabled Persons | Age 61+ or disabled with limited income and assets | Exempt from a portion of property taxes | Must apply annually |
| Disabled Veterans Property Tax Exemption | Honorably discharged veterans with service-connected disabilities | Up to $90,000 of assessed value, depends on disability percentage | Must apply through county assessor's office |
| Additional Property Tax Exemption for Veterans | Honorably discharged veterans or surviving spouses | $15,000 of assessed value | Must have lived in Washington for 12 months |
| Agricultural Land Classification | Land used for agriculture or forestry | Reduced property tax rate | Must meet specific criteria and obtain certification |
| Open Space Taxation Act | Land used for conservation or recreational purposes | Reduced property tax rate | Must meet specific criteria and obtain certification |
Please note that eligibility and amounts may vary based on specific circumstances and it is advisable to check with the county assessor's office for up-to-date information.
When is Benton County Property Tax due ?
Benton County Property Tax is typically due on October 15th of each year. However, if the due date falls on a weekend or holiday, the deadline will be extended to the following business day.
There are several payment methods available for Benton County Property Tax. These include:
- Online: Property owners can pay their taxes online through the Benton County website using a credit or debit card or e-check.
- Mail: Property owners can also mail in their payment to the Benton County Treasurer's Office. The address is listed on the tax bill.
- In Person: Property owners can pay their taxes in person at the Benton County Treasurer's Office during business hours. Cash, check, credit, and debit cards are accepted.
It is important to note that failure to pay Benton County Property Tax by the due date may result in late fees and penalties. Property owners should make sure to pay their taxes on time to avoid any additional charges.
If you have more questions - contact your local tax collector.
How is Benton County Property Tax penalty calculated ?
Benton County Property Tax Penalty Calculation:
The Benton County government imposes a penalty on individuals or entities who fail to pay their property tax on time. The penalty is calculated based on the unpaid balance and the number of days the payment is overdue.
Here's an example to help illustrate the calculation:
Let's assume that John owns a property in Benton County and has a tax liability of $2,500. The payment is due on November 15th of each year. However, John fails to make the payment on time and pays it on December 31st.
The property tax penalty calculation for John will be:
| Unpaid Balance | Penalty Rate | No. of Days Late | Penalty Amount |
|---|---|---|---|
| $2,500 | 1% | 16 days | $40 |
The penalty rate in Benton County is 1% of the unpaid balance, and the penalty is calculated based on the number of days the payment is overdue. In John's case, the payment is 16 days overdue, which translates to a penalty of $40. Therefore, John will have to pay a total of $2,540 ($2,500 + $40) as property tax.
In conclusion, the Benton County Property Tax Penalty is calculated based on the unpaid balance and the number of days late. It is essential for property owners to pay their property tax on time to avoid any penalties.
We recommend contacting the Benton County Tax Office or a local tax professional for the most up-to-date and accurate information.