It is only beneficial to the extent that exceeds your Standard deduction (which TT has already given you).
Example:
Standard Deduction $24,000 MFJ
Itemized Deductions before Property Tax = $15,000
add $10,000 Property Tax = $25,000 total itemizeds
So the addnl income deduction is only $1,000. Tax saving is your marginal rate on that $1,000.
Also be aware that the $10,000 cap applies to the total of State/Local/Sales and Property Taxes. So, if you already have a State income or Sales tax deduction, only some of the Property taxes will count.