Camden, Indiana Property Taxes
The median property tax rate in Camden, Indiana is 0.92%, slightly below both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Camden at $172,200, the typical annual property tax bill amounts to $1,585, which is lower than the national median of $2,690. Property taxes in Camden 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 Camden'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 Camden 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
Camden, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,584
Ownwell’s Camden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Camden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Camden 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 Camden, Indiana
Property taxes in Camden, Indiana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Camden is 0.92%, slightly below the U.S. national median of 0.99%. Local government entities within Camden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Camden 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 Camden's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46917 zip code has both the highest and lowest median property tax rate of 0.92%. Understanding how these cities compare with Camden provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camden Tax Rate
0.92%
Average Cass County Tax Rate
1.00%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46917 | 0.92% | 0.92% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Camden, Indiana
In Camden, Indiana, 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 Cass County Assessor 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. 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 Camden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 46917, both having a median tax bill of $1,585.
Average Camden Assessed Value
$172,200
Average Cass County Assessed Value
$79,600
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46917 | $172,200 | $172,200 | $172,200 | $172,200 | $172,200 |
Source: Ownwell
Property Tax Bills Across Camden, Indiana
In Camden, Indiana, property tax bills are calculated based on the assessed value of the property. The assessment process involves determining the market value of the home, which is then multiplied by the local tax rate to establish the tax bill. For homeowners in Camden, the median home price is $172,200, and the property tax rate is a crucial factor in determining the final bill. Factors such as property size, location, and improvements can influence the assessed value. Camden's median property tax bill stands at $1,585, which is higher than the national median property tax rate of 0.99%. This higher tax rate impacts homeowners by increasing their annual financial obligations, which can affect budgeting and long-term financial planning. Understanding how these factors interplay helps homeowners in Camden better anticipate their yearly property tax expenses and manage their finances accordingly. The consistency in the tax bill across different percentiles indicates a stable tax environment, which can offer some predictability for property owners.
Average Camden Tax Bill
$1,585
Average Cass County Tax Bill
$871
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46917 | $1,585 | $1,585 | $1,585 | $1,585 | $1,585 |
Source: Ownwell