Benton, Calloway County, Kentucky Property Taxes
Median Benton, KY effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Benton, KY home value: $17,000
Median annual Benton, KY tax bill: $142, $2,258 lower than the national median property tax bill of $2,400.
How are property taxes in Calloway calculated?
Property taxes in Benton, KY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Benton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Benton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Benton, Calloway County, Kentucky Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$156
$145
Property Tax Rates Across Benton, Calloway County, Kentucky
Local government entities are responsible for setting property tax rates, which can vary significantly within Kentucky. Each year, counties like Calloway estimate the budget they need to provide essential services and divide this by the total assessed value of all taxable properties within their area. This calculation determines the property tax rate. Although votes and legislation play a role in establishing these rates and budgets, this process essentially sums up how it's done annually.
In Benton, located in Kentucky, the effective property tax rate offers an intriguing comparison to other cities in the state. The median property tax rate in Benton is 0.92%, which is below the national median of 1.02%. This lower rate can lead to more affordable property tax bills compared to the national median bill of $2,400. Understanding these rates can help property owners in Benton make informed decisions about property tax appeals and exemptions. By staying informed about local tax rates, property owners can potentially reduce their tax burden and ensure they are not overpaying.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Benton Tax Rate
0.92%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Calloway County Tax Rate
0.92%
Median Effective Kentucky Tax Rate
1.02%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Benton, Calloway County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42025 | 0.89% | 0.91% | 0.92% | 0.95% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Benton, Calloway County, Kentucky
When examining property taxes in Benton, KY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Calloway County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Calloway County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Benton. For example, the median home price in Benton is $17,000, with tax bills ranging significantly across the county. Zip code 42025 has the highest median home price at $17,000.
Property Tax Assessment Values Across Benton, Calloway County, Kentucky
Source: Ownwell
$17,000
$17,000
$17,000
Median Benton Market Value
$17,000
Median Calloway County Market Value
$600
Median Kentucky Market Value
$110,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Benton, Calloway County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42025 | $1,500 | $5,000 | $17,000 | $80,000 | $124,000 |
Source: Ownwell
Property Tax Bills Across Benton, Calloway County, Kentucky
Median Benton Tax Bill
$142
Median Calloway County Tax Bill
$57
Median Kentucky Tax Bill
$1,031
Median United States Tax Bill
$2,400
Property Tax Bills Across Benton, Calloway County, Kentucky
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 42025 | $15 | $52 | $142 | $705 | $1,169 |
Source: Ownwell