Camden, New York Property Taxes
The median property tax rate in Camden, NY is 2.74%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Camden at $119,710, the typical annual property tax bill reaches $3,394, exceeding 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, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.74%
Estimate Property Tax Bill
$3,280
$3,243
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, New York
Property taxes in Camden, New York, 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 2.74%, significantly higher than 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 New York and the national median. For comparison, the zip code 13316 has the highest median property tax rate of 2.74%, while the lowest median tax rate is also 2.74%. Understanding how these areas compare with Camden provides valuable insights into the varying tax landscape across Oswego County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camden Tax Rate
2.74%
Average Oswego County Tax Rate
2.93%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13316 | 2.60% | 2.74% | 2.74% | 2.74% | 2.82% |
Source: Ownwell
Property Tax Assessment Values Across Camden, New York
In Camden, New York, 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 Oswego 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. The highest median tax bill in Camden is $3,394 in the 13316 zip code, while the lowest is also $3,394 in the same zip code.
Average Camden Assessed Value
$119,710
Average Oswego County Assessed Value
$108,696
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13316 | $36,860 | $45,959 | $119,710 | $153,721 | $191,919 |
Source: Ownwell
Property Tax Bills Across Camden, New York
In Camden, NY, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The assessed value is determined by the Oswego County assessor's office and reflects a percentage of the home's market value. Homeowners in Camden can expect their tax bills to vary significantly, with the 25th percentile tax bill around $1,398 and the 75th percentile reaching $4,202. The highest median tax bill in Camden is $3,394, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or abatements. Higher property values generally lead to higher tax bills, impacting homeowners' annual expenses. Understanding these factors is crucial for homeowners to anticipate their financial obligations and plan accordingly.
Average Camden Tax Bill
$3,394
Average Oswego County Tax Bill
$3,405
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13316 | $998 | $1,303 | $3,394 | $4,061 | $5,265 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Oswego Assessment Review Commission | |
| Website | oswegogis.maps.arcgis.com |