Camden, Indiana Property Taxes
The median property tax rate in Camden, IN is 0.59%, significantly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With the median home value in Camden at $120,400, the typical annual property tax bill is $742, well below the national median of $2,690. Property taxes in Camden are calculated based on the assessed value, which often falls below the market value due to various exemptions such as 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 Carroll County, familiarizing yourself with 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
$2,500,000
$5,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,980
Ownwell’s Camden Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Camden. By simply entering your property's assessed value, the calculator uses the median tax rate in Camden to provide an estimate of your property tax bill. This user-friendly tool offers valuable insights into your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. The assessed value of your property is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Camden, Indiana
Property taxes in Camden, Indiana, 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 0.59%, which is lower than both the Indiana state median and 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 the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with Camden provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camden Tax Rate
0.59%
Average Carroll County Tax Rate
0.65%
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 | 0.31% | 0.44% | 0.59% | 0.92% | 1.69% |
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 local appraisal authority 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 with the highest and lowest median tax bill is 46917, with a median tax bill of $742.
Average Camden Assessed Value
$120,400
Average Carroll County Assessed Value
$127,000
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 | $19,580 | $69,750 | $120,400 | $189,300 | $269,500 |
Source: Ownwell
Property Tax Bills Across Camden, Indiana
In Camden, Carroll County, Indiana, property tax bills are calculated based on the assessed value of your home, which is determined by local government assessors. The assessed value is then multiplied by the local tax rate to determine your annual tax bill. For homeowners in Camden, the median home price is $120,400, and the median property tax rate is significantly lower than the national median of 0.99%. Factors that influence your property tax bill include the assessed value of the property, any applicable exemptions, and the specific tax rate set by local authorities. For instance, tax bills in Camden range from about $367 at the 25th percentile to $1,851 at the 90th percentile, with a median tax bill of $742. This means that while some homeowners may pay relatively low property taxes, others could see higher bills depending on their property's assessed value and any applicable exemptions. Understanding these factors can help homeowners better anticipate their property tax obligations and plan accordingly.
Average Camden Tax Bill
$742
Average Carroll County Tax Bill
$831
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 | $160 | $367 | $742 | $1,263 | $1,851 |
Source: Ownwell