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Home » Tri-City area taxpayers get some of biggest returns in state

Tri-City area taxpayers get some of biggest returns in state

Taxpayers in Franklin and Benton counties collect some of the biggest tax returns in the state.
March 27, 2019
TCAJOB Staff

Taxpayers in Franklin and

Benton counties collect some of the biggest tax returns in the state.

The two counties ranked among the top 10 of the state’s 39 counties with the highest amount of tax refunds, according to SmartAsset, an online financial technology company.

Franklin County ranked No. 3

on the list, with the average tax amount refunded totaling $3,086, with 30,520

taxpayers receiving refunds. The average amount of taxes owed was $5,467, from

5,540 people owing taxes.

Benton County ranked No. 9,

with the average tax amount refunded totaling $2,873, with 67,300 taxpayers receiving

refunds. The average amount of taxes owed was $5,318, from 16,370 people owing

taxes.

SmartAsset analyzed data from

the IRS to determine the counties where people received the highest average

refunds and the counties that owed the most on average after filing their taxes.

To determine the counties

that received the highest average refunds, SmartAsset divided the total amount

of money refunded by the IRS to each county by the number of refunds given out

in each county. It did the same to calculate the average amount owed, by dividing

the total taxes owed in each county by the number of filers that still owe

taxes.

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