Camden, Michigan Property Taxes
The median property tax rate in Camden, Michigan is 0.42%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Camden at $163,464, the typical annual property tax bill is $643, which is well below the national median of $2,690. Property taxes in Camden are calculated based on the tax assessed value, which often 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, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$687
Ownwell’s Camden Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Camden using just two simple data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Camden to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities with ease. If you’re interested in observing trends at a neighborhood level, scroll down to discover more localized information. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Camden, Michigan
Property taxes in Camden, Michigan, 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 0.42%, which is significantly lower than both the Michigan 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 areas in Hillsdale County and the national median. For comparison, the zip code 49232 has the highest median property tax rate of 0.42%, while the same zip code also has the lowest median tax rate of 0.42%. Understanding how these cities compare with Camden provides valuable insights into the varying tax landscape across Hillsdale County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camden Tax Rate
0.42%
Average Hillsdale County Tax Rate
0.41%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49232 | 0.27% | 0.34% | 0.42% | 0.46% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Camden, Michigan
In Camden, Michigan, 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 Hillsdale County 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. In Camden, the zip code 49232 has the highest and lowest median tax bill, both at $643.
Average Camden Assessed Value
$163,464
Average Hillsdale County Assessed Value
$141,139
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49232 | $47,533 | $83,688 | $163,464 | $291,173 | $427,226 |
Source: Ownwell
Property Tax Bills Across Camden, Michigan
In Camden, Hillsdale County, MI, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Camden is $163,464. Once the property is assessed, the tax rate set by the local government is applied to this value to determine the annual tax bill. Various factors such as property improvements, local government budgets, and school funding needs can influence the assessed value and, consequently, the tax bill. For homeowners in Camden, the tax bill can vary significantly. The 25th percentile tax bill stands at $378, while the 75th percentile reaches $1,094, and the 90th percentile can go up to $1,597. The highest and lowest median tax bills in the area are both $643, found in the 49232 zip code. Compared to the national median property tax rate of 0.99%, Camden's tax rates are relatively moderate, impacting homeowners' annual expenses and potentially influencing their decisions on property investments and improvements.
Average Camden Tax Bill
$643
Average Hillsdale County Tax Bill
$685
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49232 | $214 | $378 | $643 | $1,094 | $1,597 |
Source: Ownwell