Camden, Arkansas Property Taxes
The median property tax rate in Camden, Arkansas is 0.90%, which is lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $47,150 in Camden, the typical annual property tax bill amounts to $413, significantly below the national median of $2,690. Property taxes in Camden are calculated based on the tax assessed value, which is often lower than 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, Arkansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
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, Arkansas
Property taxes in Camden, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Camden is 0.90%, 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 Arkansas and the national median. For comparison, the 71701 zip code has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Camden provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camden Tax Rate
0.90%
Average Calhoun County Tax Rate
0.90%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71701 | 0.77% | 0.89% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Camden, Arkansas
In Camden, Arkansas, 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 local appraisal district 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. In Camden, 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. For instance, the zip code 71701 has the highest and lowest median tax bill at $413.
Average Camden Assessed Value
$47,150
Average Calhoun County Assessed Value
$38,000
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71701 | $8,900 | $21,375 | $47,150 | $93,900 | $126,710 |
Source: Ownwell
Property Tax Bills Across Camden, Arkansas
In Camden, Arkansas, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. Homeowners in Camden, part of Calhoun County, experience property tax rates that are influenced by various factors including the property's location, size, and market trends. The median home price in Camden is $47,150, and the property tax rate is applied to this assessed value to determine the annual tax bill. For example, the tax bill at the 25th percentile is $194, while at the 75th percentile, it rises to $817. At the 90th percentile, homeowners might pay as much as $1,113 annually. The highest and lowest median tax bills in Camden are both $413, found in the 71701 zip code. Compared to the national median property tax rate of 0.99%, Camden's rates can be quite variable, impacting homeowners differently depending on their specific property assessments. This variability in tax bills can significantly affect homeowners' annual financial planning and overall cost of living.
Average Camden Tax Bill
$413
Average Calhoun County Tax Bill
$351
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71701 | $84 | $194 | $413 | $817 | $1,113 |
Source: Ownwell